BREAKING: Tariff revenue collected in the US in May hit a record $22.3 billion, following $16.5 billion in April.
Customs and certain excise taxes have more than DOUBLED over the last 2 months.
Year-to-date, the government has collected ~$67.2 billion in tariff revenue.
As a result, tariffs now reflect 4% of total federal revenue, up from the last few years’ average of 2%.
Tariff revenue is rising rapidly.
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