Tariff revenue in the United States has surged over 300% so far this fiscal year

Odaily Planet Daily reports that the U.S. government’s January fiscal deficit has decreased compared to last year, while tariff revenue has surged. The U.S. Department of the Treasury reported that customs duties collected through tariffs in that month totaled $30 billion, bringing the total for the current fiscal year to $124 billion, a 304% increase compared to the same period in 2025. These tariffs helped slow the growth of the budget deficit. In the fourth month of this fiscal year, the deficit was approximately $95 billion, a decrease of about 26% from the same period last year. As of now, the federal government’s deficit stands at $697 billion, a 17% reduction from 2025. After calendar adjustments, the deficit reduction is 21%.