Jim Watson / AFP

Trump has long sold his tariff plan as a new source of cash for the government. And with his recent moves, tariffs are adding tens of billions of new dollars to federal revenue.

Last month, the Department of the Treasury brought in more than $29 billion in "customs and excise taxes" — a category that is overwhelmingly tariff revenue.

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This pace means that in just a few months, the government will be able to rake in what it received in all of last year. In 2024, customs and excise revenue totaled $98 billion.

Importantly, that tariff money is coming from Americans. Businesses in America are directly paying the tariffs to the government. When they raise prices, it comes indirectly out of consumers' pockets.

While $29 billion is a massive spike compared to

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