Knowledge Tree
tariff revenue
Also known as: tariff revenue, tariff income
Facts (16)
Sources
History of tariffs in the United States - Wikipedia en.wikipedia.org 5 facts
measurementIn 1944, the United States federal government collected $417.0 million in tariff income, which accounted for 0.9% of federal receipts, with an average tariff rate of 10.6%.
measurementIn 1830, the United States federal government collected $21.9 million in tariff income, which accounted for 88.2% of federal receipts, with an average tariff rate of 35.0%.
measurementIn 1918, the United States federal government collected $947.0 million in tariff income, which accounted for 25.8% of federal receipts, with an average tariff rate of 31.2%.
measurementIn 1792, the United States federal government collected $4.4 million in tariff income, which accounted for 95.0% of federal receipts, with an average tariff rate of 15.1%.
measurementIn 1870, the United States federal government collected $194.5 million in tariff income, which accounted for 47.3% of federal receipts, with an average tariff rate of 44.6%.
Tariffs are a particularly bad way to raise revenue | Brookings brookings.edu Nov 4, 2025 4 facts
measurementAt 1.2 percent of GDP in tariff revenue, the United States' revenue share is comparable to countries like Zambia and Tunisia.
claimRelying on tariff revenue is generally characteristic of younger, less-developed nations rather than rich, developed nations.
measurementBased on August 2025 estimates, the United States is raising more than 1 percent of GDP in tariff revenue, which is over five times higher than a decade ago and nearly five times the OECD average.
measurementThe United States raised approximately $30 billion in tariff revenue in August.
Tracking the Economic Effects of Tariffs | The Budget Lab at Yale budgetlab.yale.edu Mar 2, 2026 4 facts
measurementThe Budget Lab at Yale projected an annualized tariff revenue of $334 billion if monthly tariff revenue remained at the level of the two-month average of December and January.
measurementThe Budget Lab at Yale estimates that if monthly tariff revenue remains at the level of the 2-month average of December and January, the annualized revenue for the fiscal year would be $334 billion.
measurementThe Budget Lab at Yale projected that tariff revenue would raise $246 billion in annual revenue for fiscal year 2026, based on their last pre-SCOTUS estimate.
measurementThe Budget Lab at Yale calculated a simulated annual tariff revenue of $319 billion after adjusting for decreases in other revenue sources.
Tariffs: Estimating the Economic Impact of the 2025 Measures and ... richmondfed.org Apr 2, 2025 2 facts
measurementIn the benchmark scenario constructed using 2024 U.S. Trade Census data, the average effective tariff rate (AETR) is 2.2 percent, meaning the government collected 2.2 cents in tariff revenue for every dollar of imported goods.
formulaThe average effective tariff rate (AETR) is defined as the ratio of duties (tariff revenue collected) to imports (the dollar value of goods imported), expressed as AETR = duties / imports.
U.S. tariff outcomes dependent on trading partner responses dallasfed.org May 13, 2025 1 fact
claimThe economic impact of tariffs on U.S. consumers depends on how the U.S. government redistributes tariff revenue, such as through tax cuts or direct refunds to consumers.