$50 billion monthly US consumers will pay.....

Lutnick projects $50 billion in monthly revenue from sweeping new tariffs

From CNN's Alejandra Jaramillo

US Commerce Secretary Howard Lutnick said Thursday that the United States could soon generate as much as $50 billion per month in tariff revenues, as the new and expanded import levies begin to take effect worldwide.

“I think we’re going to be heading towards $50 billion a month in tariff revenue that no one’s talked about except for the president,” Lutnick told Fox Business in an interview this morning.

The US government collected nearly $30 billion in tariff revenue last month and $100 billion since April, according to the Treasury Department. Last month, tariff revenue rose 242% from July 2024.

The surge in tariff revenue is expected to come not only from existing duties but also from upcoming tariffs targeting key sectors such as technology and pharmaceuticals, Lutnick said.

“And then you’re going to get the semiconductors, you’re going to get pharmaceuticals, you’re going to get all sorts of additional tariff money coming in,” Lutnick he added.

Lutnick suggested this aligns with the administration’s broader economic vision, citing a dramatic long-term goal.

“As the president says, this could continue to head towards and ultimately reach $1 trillion,” Lutnick said.