US President Donald Trump has framed his sweeping tariff policy as essential for protecting American workers and manufacturing, promoting it as a cornerstone of his "America First" agenda. Since returning to office this year, the Trump administration has overseen a historic surge in tariff collections. According to Fox Business, total duty revenue reached $215.2 billion in Fiscal Year 2025 (ending September 30). October alone brought in a record $34.2 billion. The Treasury also already reported $41.6 billion in tariff revenue in Fiscal Year 2026, and since Trump unveiled his “Liberation Day” tariffs in April, monthly collections have climbed sharply—from $23.9 billion in May to $29 billion in July, with August and September together adding $62.6 billion. Trump’s logic was– tariffs
Tariffs to put 'America first': Is Donald Trump spelling doom for US? Economics explained
The Times of India10 hrs ago
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