The U.S. government collected $31.3 billion in tariff revenue in September, highlighting the scale of President Donald Trump 's tariffs as a steady source of federal income.

That total was $73 million below the August record, bringing cumulative collections for 2025 to $214.9 billion, according to Treasury Department data released Sept. 29.

Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June and reaching $29 billion in July.

It’s important to remember where tariff revenue comes from.

American businesses pay these import taxes directly to the federal government, but they often pass the cost along by raising prices — meaning consumers ultimately shoulder much of the burden.

The surge in tariff revenues comes as

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