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US tariff revenue dropped by almost $3 billion from November to December
A new report from the US Treasury released Tuesday showed that $27.89 billion in tariff revenue came into US coffers in December, capping off a year that saw President Trump reorder US trade policy. The release brings the total revenue collected in 2025 to $264.05 billion. It's a historically high annual total — but also the second straight monthly decline after Trump dialed back key tariffs last November. The peak for the year was October's monthly haul of $31.35 billion. The first decline then came in November, with $30.76 billion in customs duties collected that month. Tuesday's new reading marks a more than 10% ... (full story)