Trump's tariff policy runs counter to what many economists have been saying—and, so far, it's been a success.

If the current pace continues, the US could raise $500 billion annually from tariffs alone. This is an unprecedented figure in American history.

A Month That Made History

In July 2025, the country collected US$29.6 billion from import tariffs alone.

This is a 300% increase compared to the same month last year and the highest monthly figure ever recorded.

To put this in perspective, this is equivalent to almost all annual tariff revenue in 2016.

When the past seems small

During Trump's first "trade war," between 2018 and 2020, there was not a single month with tariff revenues exceeding $10 billion.

The current performance is so superior that it makes that dispute a blip on the charts.

The month-over-month increase

The growth was rapid and consistent: •March: US$8 billion •April: US$15 billion •May: US$22 billion •June: US$26 billion •July: US$30 billion

In just five months, more than US$100 billion has already flowed in—and this even with a 90-day pause on some tariffs.

The $40 billion barrier is in sight

Projections indicate that August could surpass $40 billion in revenue.

This boost comes from new tariffs imposed by Trump: 🇮🇳 India: +25% 🇧🇷 Brazil: +40% 🇯🇵 Japan: +15%

The message: allies or not, everyone is in the crosshairs.

Market Effect: Gold and Bitcoin Soar

The combination of high tariffs, a growing deficit, and expectations of interest rate cuts creates a perfect scenario for alternative risk and hedging assets.

Gold is up 13% this year, and Bitcoin is up over 56% in the same period.

The deficit remains the biggest challenge

Even with the increase in revenue, July 2025 ended as follows:

•Revenue: US$338 billion •Expenditure: US$630 billion (historical record) •Deficit: US$291 billion

In other words: tariffs covered only ~10% of the monthly deficit.

Revenue greater than corporate tax

At the current rate, tariffs will generate +1.6% of GDP in annual revenue—more than the entire corporate income tax collected in the US.

The problem isn't revenue; it's curbing spending, which is still on an explosive trajectory.

China: The Missing Piece 🇨🇳

On August 11th, Trump extended the pause on tariffs on China for 90 days.

If there's no agreement by November 10th, the tariffs will go into effect—and that alone could boost annual revenues above $500 billion.

Explosive growth in one year

Tariffs already generate more than US$300 billion annually, compared to approximately US$80 billion in the same period in 2024.

This represents nearly fourfold growth in just 12 months.