U.S. tariff revenue surged to $87.2 billion in the first half of the year.

On July 18, U.S. government data showed that tariff revenue soared to $87.2 billion in the first half of this year. Since the Trump administration implemented the so-called reciprocal tariffs in April, tariff revenue has rapidly increased. In June alone, tariff revenue reached $26.6 billion, four times the normal level. According to analysis by U.S. Customs and Border Protection, as of the end of June, the 10% Benchmark tariff has generated over $17.7 billion in revenue, while specific tariffs on the automotive industry have also contributed over $10.7 billion. Estimates from Yale University's Budget Lab show that as of Sunday, the overall average effective tariff rate in the U.S. has reached 20.6%, the highest level since 1910. Meanwhile, the proportion of tariffs in the total value of U.S. imports is also rising rapidly. A new round of reciprocal tariffs set to take effect on August 1 is expected to push this figure even higher. ( Jin10 )