This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Revenue Implications of President Trump’s 2025 Tariffs, PIIE Briefing 25-2.

If you use the data, please cite as:

McKibbin, Warwick, and Geoffrey Shuetrim. 2025. The US Revenue Implications of President Trump’s 2025 Tariffs. PIIE Briefing 25-2. Washington: Peterson Institute for International Economics.

In 2025, President Trump announced plans to implement a universal baseline tariff of 10 percent. Estimates show that a 10 percent universal tariff on imported goods would raise U.S. revenue by 2.95 trillion U.S. dollars, while a 20 percent tariff would raise revenue by 2.62 trillion U.S. dollars. Comparatively, imports before Trump's proposed taxes would increase revenue by 3.28 trillion U.S. dollars. By enacting tariffs on all imports, significantly less foreign-produced goods would be purchased, thus decreasing the overall amount of imported goods.

Customs and other import duties (% of tax revenue) in United States was reported at 2.7662 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Customs and other import duties (% of tax revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports (NA000324Q) from Q1 1947 to Q1 2025 about receipts, imports, tax, federal, production, government, GDP, and USA.

According to a scenario where the U.S. introduced higher tariff rates to its trading partners, the net income of luxury companies such as Burberry and Swatch could suffer significantly. The scenario assumed a ** percent tariff rate to Mexico and ** percent rate to China and the rest of the other countries.

Key information about United States Tax Revenue

• US Tax Revenue was reported at 510.819 USD bn in Jan 2025.
• This records an increase from the previous figure of 451.093 USD bn for Dec 2024.
• US Tax Revenue data is updated monthly, averaging 107.897 USD bn from Dec 1967 to Jan 2025, with 686 observations.
• The data reached an all-time high of 851.434 USD bn in Apr 2022 and a record low of 10.507 USD bn in Oct 1968.
• US Tax Revenue data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: USD: Monthly.

According to new estimations, if the 2025 tariffs were to remain in place, they would put more of a strain on households with lower income than those with more. The estimated tariff burden on households in the *** income decile is almost **** times that of the top decile.

Tax revenue (% of GDP) in United States was reported at 10.65 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Tax revenue (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Power Electronic Testing Market Size

As per the report from Market.us, The Global Power Electronic Testing Market is anticipated to grow significantly, reaching approximately USD 25 billion by 2034, up from USD 6.4 billion in 2024. This growth reflects a robust CAGR of 14.60% during the forecast period from 2025 to 2034, driven by rising demand for reliable power systems, expanding electric vehicle (EV) production, and increasing renewable energy installations.

In 2024, the Asia-Pacific region held a leading position, accounting for 38.6% of the global market share with revenue totaling USD 2.4 billion. Among regional markets, China emerged as a key contributor, generating approximately USD 0.98 billion in revenue and projected to grow at a steady CAGR of 11.2%. This growth is being fueled by China’s aggressive investments in EV infrastructure, industrial automation, and national power grid modernization programs.

Government Revenues in the United States increased to 526445 USD Million in June from 371229 USD Million in May of 2025. This dataset provides - United States Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

If proposed tariffs of 25 percent on goods imported into the United States from Mexico and Canada were put into effect, tax revenue would be impacted. Tax revenue from Mexican wine imports are projected to increase by 108 million U.S. dollars while taxes from Mexican spirits imports would decrease by 1.4 billion dollars.

Taxes on international trade (% of revenue) in United States was reported at 1.6737 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. United States - Taxes on international trade (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Release Schedule: .This data is released by calendar quarters. ..Quarter 1 (January - March): Releases in June.Quarter 2 (April - June): Releases in September.Quarter 3 (July - September): Releases in December.Quarter 4 (October - December): Releases in March...Key Table Information:.This information represents state and local government taxes for of the nation's state and local government sector...The population of interest for this survey covers the 50 state governments, all local government property tax collectors, and local government non-property tax imposers. All state government tax collection is covered. A stratified cluster sample of local property tax collectors yields the estimates of property tax. A stratified simple of local tax imposers yields estimates of all nonproperty taxes. For the fourth quarter of 2010, the latter sample, which gives estimates of nonproperty taxes, replaced a nonprobability sample. A five-quarter bridge report, which compares results using the old methodology to results using the new sample and new methodology, accompanies the release of the data for the first quarter of 2012. For information on the updated methodology for Quarterly Summary of State and Local Government Revenue, see Quarterly Summary of State and Local Tax Revenue Methodology..For further information on the definition and organization of governments, see Chapter 1 of Government Finance and Employment Classification Manual...Geography Coverage:.Data are shown for the United States, the 50 states, and the District of Columbia...Industry Coverage:.Not applicable...FTP Download:.Download the entire tabled at: Quarterly Summary of State and Local Tax Revenue Data Tables..Methodology:.Click the links below to get detailed methodology for each survey. Quarterly Summary of State and Local Tax Revenue Methodology..Symbols:.• NEC - Not Elsewhere Classified.• R - Revised from previously published amount..Source:.U.S. Census Bureau, Quarterly Summary of State and Local Tax Revenue (QTAX)..Contact Information:.U.S. Census Bureau.1-(800)-492-0140.ewd.qtax@census.gov

This dataset provides values for TAX REVENUE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

As of April 9, 2025, the United States levied a revised baseline of 10 percent on all goods imported from countries of the Middle East and North Africa .Based on the initial tariff calculation of April 3, the rates of imported goods would have varied by country in the region, with Syria and Iraq at 41 and 39 percent, respectively. Tariffs and their effects he intertwined nature of global trade and supply chains implies that the shockwaves of significant policy changes and economic turbulences spread more easily across countries. This was illustrated in the effects of new United States tariffs on Arab countries, where projections show a 1.4 percent decrease in investments in the Gulf Cooperation Council (GCC). Meanwhile, the impact of these tariffs on the Middle East and North Africa (MENA) imports forecast a 28 percent decrease in imports from the United States to the Arab region. Middle East-United States trade relations The nature of trade relationships between the United States and the Middle East is often influenced by geopolitical and security realities, with Israel, UAE, and Saudi Arabia being the leading bilateral trading partners. A particularly strong trade relationship exists between the GCC countries and the United States, evident in the value of exports from the former to the latter. On the other hand, the value of exports from the broader Arab region to the United States fell considerably in the last decade, largely due to petroleum and oil revenue decrease.

Introduction

The global semiconductor industry is currently facing significant challenges due to the imposition of tariffs, which have disrupted supply chains and increased production costs. These tariffs, particularly those introduced by the U.S. administration, have led to a reevaluation of manufacturing strategies across the sector. In 2025, the United States imposed tariffs of up to 145% on Chinese semiconductor imports, prompting retaliatory tariffs of 125% from China. These measures have significantly strained the global semiconductor supply chain, leading to increased costs and uncertainties for manufacturers and consumers alike.

For instance, Advanced Micro Devices (AMD) has projected a revenue impact of $1.5 billion in 2025 due to new U.S. export restrictions on advanced AI chip shipments to China, a market that accounts for over 24% of AMD's revenue. Similarly, the German chip-equipment maker Suss MicroTec has warned that new U.S. tariffs could severely disrupt global semiconductor supply chains and potentially trigger a worldwide recession. These developments underscore the far-reaching implications of trade policies on the semiconductor industry, affecting not only corporate revenues but also the broader global economy.

Around 30% of businesses are currently adopting a wait-and-watch approach toward the ongoing uncertainty surrounding semiconductor tariffs. This cautious stance reflects growing concerns over supply chain unpredictability. In contrast, before the introduction of the Trump-era tariffs, nearly 61% of companies had already started reshaping their procurement strategies, actively exploring alternative suppliers. This shift was largely driven by heightened geopolitical tensions, evolving global trade policies, and new market barriers, all of which increased the complexity of international semiconductor trade. Businesses now demand greater transparency to make informed decisions in this rapidly changing environment.

According to Cognitive Market Research, the global Assembly Fastening Tools market size will be USD 3,514.2 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2025 to 2033.

North America held the major market share for more than 37% of the global revenue with a market size of USD 1300.25 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2033.
Europe accounted for a market share of over 29% of the global revenue with a market size of USD 1019.12 million.
APAC held a market share of around 24% of the global revenue with a market size of USD 843.41 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2025 to 2033.
South America has a market share of more than 4% of the global revenue with a market size of USD 133.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
Middle East had a market share of around 4% of the global revenue and was estimated at a market size of USD 140.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
Africa had a market share of around 2.2% of the global revenue and was estimated at a market size of USD 77.31 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
Inline Tool is the fastest growing segment of the Assembly Fastening Tools industry

Market Dynamics of Assembly Fastening Tools Market

Key Drivers for Assembly Fastening Tools Market

Rising Demand from Automotive Industry Is Expected To Boost Market Growth

Automation is transforming automotive manufacturing, with robotic and smart fastening tools becoming integral to production lines. Automotive manufacturers are increasingly adopting torque-controlled and data-driven fastening systems to improve efficiency, reduce errors, and ensure consistency in mass production. The integration of fastening tools with Industry 4.0 technologies, such as IoT and AI-based monitoring, further enhances productivity by enabling real-time data collection and predictive maintenance. This technological advancement is crucial in maintaining the high production volumes required to meet the growing global demand for vehicles. Additionally, stringent safety and quality regulations in the automotive sector necessitate the use of high-performance fastening tools. Manufacturers must comply with international safety standards such as ISO, ensuring that fastened joints remain secure under extreme conditions, including vibrations and high-impact forces. As automakers continue to innovate with new vehicle designs, including lightweight structures and modular assembly techniques, the need for specialized fastening tools will continue to grow. In February 2025, Mercedes-Benz CEO Ola Källenius voiced concerns over President Trump's proposed 25% tariffs on the automotive industry, highlighting the company's substantial investments in the U.S. and the potential negative impact on both American and foreign car manufacturers.

https://www.the-sun.com/motors/13587592/mercedes-benz-ceo-fines-us-plans-trump-tariffs/

Growth in Aerospace and Defense Sector To Boost Market Growth

The aerospace and defense industry is one of the most demanding sectors when it comes to manufacturing precision, safety, and quality standards. Aircraft and defense equipment must meet strict regulatory requirements, necessitating the use of high-performance fastening tools for assembly and maintenance. Every component, from airframes and engines to avionics and interior structures, requires precise fastening solutions to ensure structural integrity, reliability, and resistance to extreme conditions such as high pressure, temperature fluctuations, and vibrations. This growing emphasis on quality and safety is driving the demand for advanced fastening tools designed specifically for aerospace and defense applications. In August 2023, the Pentagon's Space Development Agency awarded contracts totaling $1.5 billion to Lockheed Martin and Northrop Grumman for the development of 72 prototype communications satellites. These satellites are designed to provide encrypted communications for the U.S. military, forming part of the Proliferated Warfighter Space Architecture.

Restraint Factor for the Assembly Fastening Tools Market

High Initial Cost of Advanced Fastening Tools, Will Limit Market Growth

The ...

Release Schedule:.This data is released by calendar quarters...Quarter 1 (January - March): Releases in June.Quarter 2 (April - June): Releases in September.Quarter 3 (July - September): Releases in December.Quarter 4 (October - December): Releases in March...Key Table Information:.This information represents state and local government taxes for of the nation's state and local government sector...The population of interest for this survey covers the 50 state governments, all local government property tax collectors, and local government non-property tax imposers. All state government tax collection is covered. A stratified cluster sample of local property tax collectors yields the estimates of property tax. A stratified simple of local tax imposers yields estimates of all nonproperty taxes. For the fourth quarter of 2010, the latter sample, which gives estimates of nonproperty taxes, replaced a nonprobability sample. A five-quarter bridge report, which compares results using the old methodology to results using the new sample and new methodology, accompanies the release of the data for the first quarter of 2012. For information on the updated methodology for Quarterly Summary of State and Local Government Revenue, see Quarterly Summary of State and Local Tax Revenue Methodology..For further information on the definition and organization of governments, see Chapter 1 of Government Finance and Employment Classification Manual...Geography Coverage:.Data are shown for the United States, the 50 states, and the District of Columbia...Industry Coverage:.Not applicable...FTP Download:.Download the entire tabled at: Quarterly Summary of State and Local Tax Revenue Data Tables..Methodology:.Click the links below to get detailed methodology for each survey. Quarterly Summary of State and Local Tax Revenue Methodology..Symbols:.• Corporate - Corporation Net Income.• tqrr - Total Quality Response Rate.• cv - Coefficient of Variation.• m/e - Margin of Error.• R - Revised from previously published amount...Sources:.U.S. Census Bureau, Quarterly Summary of State and Local Tax Revenue (QTAX)..Contact Information:.U.S. Census Bureau.1-(800)-492-0140.ewd.qtax@census.gov

Entegris reports flat revenue for Q1 2025, impacted by U.S.-China tariffs and decreased demand, with a focus on strategic investments and market expansion.