Treasury Secretary Scott Bessent announced on Sept. 2 in a post on X that tariff revenues exceeded $31 billion in August, setting a new record high.
The Treasury’s latest Daily Statement showed $31.37 billion in tariff revenue as of Aug. 29, totaling $183.56 billion in the fiscal year to date.
Bessent wrote on X: “Now that August is in the books, tariff revenues topped over $31 billion in the month: a new record high. As collection continues to grow, the Trump Administration is fixing the financial shambles it inherited.”
Last week, the Treasury secretary said that President Donald Trump’s tariffs could exceed $500 billion a year—higher than Bessent’s initial $300 billion estimate….