In the United States, the revenue from customs duty amounted to 80 billion U.S. dollars in 2023. The forecast predicts a slight increase in customs duty revenue to 97 billion U.S. dollars in 2024, and an increase over the next decade to 96 billion U.S. dollars by 2034.

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.

If Trump's proposed tariffs are imposed on Mexico, Canada, and China, the United States' federal tax revenue would increase by an estimated 106 billion U.S. dollars, making up about 0.35 percent of the nation's GDP.

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.

China Government Revenue: Tax: Year to Date: Tariffs data was reported at 48.300 RMB bn in Mar 2025. This records an increase from the previous number of 31.600 RMB bn for Feb 2025. China Government Revenue: Tax: Year to Date: Tariffs data is updated monthly, averaging 128.732 RMB bn from Jan 2007 (Median) to Mar 2025, with 211 observations. The data reached an all-time high of 299.785 RMB bn in Dec 2017 and a record low of 12.274 RMB bn in Jan 2007. China Government Revenue: Tax: Year to Date: Tariffs data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Revenue: Tax.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1A027NBEA) from 1929 to 2024 about receipts, imports, tax, federal, production, government, GDP, and USA.

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.

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.

According to estimates, President Trump's proposals to impose universal tariffs as well as tariffs on Chinese, Canadian, and Mexican imports would considerably increase the average tariff rate. If Trump's proposals go into effect, it is estimated that the average tariff rate of all imports would almost triple, marking the highest rate in the United States since 1969.

Russia Federal Government Revenue: Oil & Gas: Export Tariffs data was reported at 47.300 RUB bn in Mar 2025. This records a decrease from the previous number of 69.100 RUB bn for Feb 2025. Russia Federal Government Revenue: Oil & Gas: Export Tariffs data is updated monthly, averaging 132.400 RUB bn from Jan 2018 (Median) to Mar 2025, with 87 observations. The data reached an all-time high of 348.200 RUB bn in Apr 2022 and a record low of -69.000 RUB bn in Jul 2024. Russia Federal Government Revenue: Oil & Gas: Export Tariffs data remains active status in CEIC and is reported by Ministry of Finance of the Russian Federation. The data is categorized under Russia Premium Database’s Government and Public Finance – Table RU.FB006: Federal Government Revenue and Expenditure: General.

China Govt Revenue: YoY: Year to Date: Tax: Tariffs data was reported at -13.800 % in Mar 2020. This records an increase from the previous number of -14.300 % for Feb 2020. China Govt Revenue: YoY: Year to Date: Tax: Tariffs data is updated monthly, averaging 5.200 % from Feb 2008 (Median) to Mar 2020, with 141 observations. The data reached an all-time high of 60.100 % in Feb 2011 and a record low of -35.900 % in Jan 2013. China Govt Revenue: YoY: Year to Date: Tax: Tariffs data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under China Premium Database’s Government and Public Finance – Table CN.FA: Government Revenue: Tax: Period on Period Change.

Harley-Davidson suspends annual forecasts due to U.S. tariff challenges, impacting revenue and market dynamics.

Americans' understanding of tariffs appears limited, with only 27 percent feeling very confident about their knowledge of the trade policy tool. This lack of awareness comes at a time when tariffs have become a significant topic in U.S. economic discussions, particularly in relation to international trade relations and domestic industry protection. Potential impact of proposed tariffs Despite the public's uncertainty, proposed tariffs could have far-reaching effects on the U.S. economy. If implemented, certain proposals could increase the average tariff rate on dutiable imports to nearly 18 percent, a substantial rise from the two percent rate in 2024. Such changes would not only affect dutiable goods but also impose taxes on previously duty-free imports, potentially leading to a sharp increase in the overall tariff burden. Estimates suggest that imposing tariffs on Mexico, Canada, and China could increase federal tax revenue by approximately 106 billion U.S. dollars, equivalent to 0.35 percent of the nation's GDP.

Graph and download economic data for Federal government current tax receipts (W006RC1Q027SBEA) from Q1 1947 to Q1 2025 about receipts, tax, federal, government, GDP, and USA.

During 2024, the annual import tax revenue of the Mexican Federal Government was around 137.82 billion Mexican pesos, that represents around a 37 percent increased when compared to the previous year. Nonetheless, the Mexican Government expects this figure to increase even further by adding new tariffs to foreign e-commerce platforms. Specifically, platforms from countries without a free trade agreement, such as Temu or Shein, will start paying a 19 percent tariff (depending on specific circumstances). This new import tax has two main objectives, protecting the national industries like manufacturing and increasing Government revenue.

Tax revenue from customs duty receipts in the United Kingdom amounted to ****billion British pounds in 2024/25, compared with ****billion pounds in the previous year.

This data package includes the underlying data files to replicate the data, tables, and charts presented in Why Trump’s tariff proposals would harm working Americans, PIIE Policy Brief 24-1.

If you use the data, please cite as: Clausing, Kimberly, and Mary E. Lovely. 2024. Why Trump’s tariff proposals would harm working Americans. PIIE Policy Brief 24-1. Washington, DC: Peterson Institute for International Economics.

Graph and download economic data for Federal Receipts as Percent of Gross Domestic Product (FYFRGDA188S) from 1929 to 2024 about receipts, federal, GDP, and USA.

In 2023, the total revenues of the U.S. government totaled around 4.44 trillion U.S. dollars. Revenues consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes amounted to 2.18 trillion U.S. dollars in 2023, whereas corporate income taxes totaled 420 billion U.S. dollars.

The dataset comprises three schedules categorising each of the HS 2017 6-digit product codes as A: nonsensitive, B: sensitive or C: excluded. The "offer" schedule is derived from the officially published offers where "none" indicates missing categorisations. The "repaired offer" amends the "offer" by categorising the missing codes such that the tariff revenue raised is maximised. The "maximum" schedule is constructed from scratch by categorising all codes such that the tariff revenue raised is maximised.

For details, please refer to the associated publications.