Tariff Revenue Dips as Trump Rolls Back Duties
Update: 2025-12-10
Description
Tariff Revenue Dips: A Shift in Trumps Trade PoliciesAfter months of steady growth, US tariff collections saw a slight decrease in November, totaling $30 billion, down from Octobers $31.35 billion. This shift follows President Trumps decision to roll back some duties on grocery items and exclude others like coffee, tea, and cocoa from tariffs. The Congressional Budget Office has lowered its estimate for future tariff receipts by $1 trillion over the next decade. Despite the recent dip, tariffs impact on the governments deficit remains minimal, with a significant shortfall of $173 billion in November. The future of these tariffs faces uncertainty as the Supreme Court reviews a lawsuit questioning the presidents authority to impose them.
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