According to Financial Times, the USA from customs payments from its trading partners have increased to a record high. In the second quarter, it was almost $ 50 billion more than in the previous year’s quarter.
The US revenue from tariffs reached a record high of $ 64 billion in the second quarter. This reports the Financial Times (FT) with reference to numbers from the US Ministry of Finance. From April to June, the United States received almost $ 50 billion more than in the same period of the previous year.
At the beginning of April, US President Donald Trump took imports from all countries with tariffs of ten percent. In addition, the US government introduced a mechanism that provides for many states significantly higher taxes and special tariffs for certain products such as steel and aluminum and auto imports.
Household income In June rose to record value
Most recently, Trump announced about tariffs of 30 percent for goods from the EU and Mexico, which should apply from August 1st. With his customs policy, the Republican wants to correct alleged trade weights and achieve that more is produced in the United States. At the same time, the tariffs are rinsing more and more money into the state treasury.
In June alone, customs revenue climbed to the record of $ 27.2 billion, as the US Ministry of Finance announced on Friday. The total household revenue increased by 13 percent in the month to a record $ 526 billion. The US Ministry of Finance had previously reported that the United States collected around $ 600 million a day through tariffs.
Customs revenue could continue to grow
At the beginning of July, Finance Minister Scott Bessent even promised an increase in the customs incorporation by the end of the calendar year 2025 to $ 300 billion. However, this would require a significant expansion and significant increase in sentences. Trump had recently emphasized the higher tariffs on goods on goods from almost all trading partners of the United States from August 1st.
America’s trading partners, on the other hand, have largely failed to defend themselves against the customs war, writes the FT today. As a result, a president “who is mocked for the fact that he always pinches” could take almost $ 50 billion in additional customs revenue at low costs. The newspaper on Trump’s nickname on Wall Street – “Taco” – alludes to what “Trump Always Chickens Out” stands (in German: “Trump always moves in”).
This means that the president always threatens with big words, and then does not make you serious or does not immediately implement his announcements. According to the FT, however, it is more the trading partners who “pull in the tail”. “Trump collects $ 50 billion in customs duties because the world is pinching,” says the report.
Hardly any specific reactions of the trading partners
In fact, only China and Canada have reacted vigorously to the measures imposed by Washington. According to the increase in punitive tariffs to Chinese imports, the People’s Republic had introduced 145 percent counter -duties of 125 percent and export controls for industrially important rare earths.
In the meantime, both sides have agreed on one end of certain trade restrictions – and the income in China in May was just under two percent higher than in the previous year.
Low costs for the USA
Together with the limited measures of Canada, which has not yet published the customs data for the second quarter, the tariffs of the FT, which are raised worldwide, are only a tiny fraction of the US revenue in the same period. Because other trading partners completely do without retaliation and prefer to negotiate to avoid even higher taxes.
For example, the EU had planned countermeasures, but had repeatedly postponed its introduction. Additional tariffs are currently planned on US products of 72 billion euros, said EU trade commissioner Maros Sefcovic recently. The EU Commission has submitted a list to the member countries that should come into force if negotiations with the US government fail. However, the goal is to find a compromise, according to the EU trade commissioner.
“Trump takes care of that less”
According to some economists, the hesitant global reaction to Trump’s threats of economic reason was made to prevent a trainee spiral, the FT report says. Trump made it clear that he is ready to further increase the tariffs in the event of retaliation, said Marta Bengoa, professor of international economy at the City University of New York.
“Many countries have learned from the 2018-2019 trade war that retaliation measures often lead to countermeasures and not to negotiate solutions,” said the expert. According to FT, calculations by the consulting company Capital Economics show that a trade war with average customs sets of 24 percent would reduce global gross domestic product (GDP) by 1.3 percent within two years. For comparison: In a sentence of ten percent, the minus is only 0.3 percent.
Most negotiations with Trump are directed by short -term considerations with a view to the global supply chains and inflation, said Alexander Klein, professor of economic history at the University of Sussex, the FT. That gives the white house the upper hand. “Trump cares less, so he uses it,” said Klein.
With information from Till Bücker, ARD finance editor.
