In 2025, President Trump announced plans to implement a universal baseline tariff of ** percent. Estimates show that a ** percent universal tariff on imported goods would raise U.S. revenue by **** trillion U.S. dollars, while a ** percent tariff would raise revenue by **** trillion U.S. dollars. Comparatively, imports before Trump's proposed taxes would increase revenue by **** 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.

Graph and download economic data for Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1Q027SBEA) from Q1 1959 to Q2 2025 about receipts, imports, tax, federal, production, government, GDP, and USA.

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. It's estimated that, if put into effect, the average tariff rate including dutiable imports would reach almost 18 percent, up from two percent in 2024. Tariff rates are higher when dutiable imports are included because they refer only to goods that are actually subject to tariffs, rather than all imports. This skews the average tariff rate upward because it excludes duty-free goods. Trump's proposal for a universal 10 percent tariff on all imports would impose a flat tax on all imports, rather than just dutiable goods. This would result in a sharp increase in the overall tariff burden because previously duty-free goods would be taxed.

In the United States, the revenue from customs duty amounted to 77 billion U.S. dollars in 2024. The forecast predicts a slight increase in customs duty revenue to 80 billion U.S. dollars in 2025, and an increase over the next decade to 105 billion U.S. dollars by 2035.

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.

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 November of 2025.

In 2024, the total revenues of the U.S. government totaled around 4.92 trillion U.S. dollars. Revenues consist of individual and corporate income taxes, payroll taxes and other taxes. Individual income taxes amounted to 2.43 trillion U.S. dollars in 2024, whereas corporate income taxes totaled 530 billion U.S. dollars.

United States average effective tariff rate, both total and dutiable, from 1790 to 2024.

Methodology:

Total: Take tariff revenue and divide it by the overall value of imports.

Dutiable: Take tariff revenue and divide it by the overall value of dutiable imports.

Sources:

1790 to 1820:

New Estimates of the Average Tariff of the United States, 1790-1820

https://www.nber.org/system/files/working_papers/w9616/w9616.pdf

1821 to 1890:

Historical Statistics of the United States Colonial Times to 1970 -- Series U 207-212

https://fraser.stlouisfed.org/files/docs/publications/histstatus/hstat1970_cen_1975_v2.pdf

1890 to 2024:

U.S. imports for consumption, duties collected, and ratio of duties to value, 1891-2024 (Table 1)

https://www.usitc.gov/documents/dataweb/ave_table_1891_2024.pdf

This summary table shows, for Budget Receipts, the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for various types of receipts (i.e. individual income tax, corporate income tax, etc.). The Budget Outlays section of the table shows the total amount of activity for the current month, the current fiscal year-to-date, the comparable prior period year-to-date and the budgeted amount estimated for the current fiscal year for agencies of the federal government. The table also shows the amounts for the budget/surplus deficit categorized as listed above. This table includes total and subtotal rows that should be excluded when aggregating data. Some rows represent elements of the dataset's hierarchy, but are not assigned values. The classification_id for each of these elements can be used as the parent_id for underlying data elements to calculate their implied values. Subtotal rows are available to access this same information.

A Computable General Equilibrium (CGE) model in a bottom-up approach - based on microfoundations - and a Social Accounting Matrix (SAM) for the regional economy of Chiapas are built. Methodology: This research applies a Computable General Equilibrium (CGE) model. It is a system of equations that describes an entire economy and all the interactions between productive sectors, commodity and factor markets, and institutions. All of the equations are solved simultaneously to find an economy-wide equilibrium in which demand and supply quantities are equal in every market at a certain level of prices (Burfisher, 2011). Two of the features of this model are that, on one hand, it implements a “bottom-up” approach, that is, it is focused on individual markets and economic agents. On the other hand, it is partially synthetic. In other words, most parameters can be calibrated with data from the SAM. Data framework: A Social Accounting Matrix (SAM) is a balanced square matrix that represents all income and expenditure flows between productive sectors, markets, and economic agents of an economy at a given period of time (Müller, Perez & Hubertus, 2009). It is based on the double entry bookkeeping in accounting, which requires that total revenue equals total expenditure in each single account included in the SAM (Breisinger, Thomas & Thurlow, 2010). The main features of the Chiapas SAM are that production activities are broken down in 10 sectors, according to the North American Industry Classification System (NAICS). There is one commodity per economic activity. Factors of production are disaggregated into formal and informal labor, and capital. Direct taxes are broken up into activity tax, social security contributions, household and corporate income taxes, ‘tenencia’ tax (ownership tax, i.e. a tax associated with the possession or use of vehicles), and regional payroll tax (‘nomina’). Indirect taxes, in turn, are value-added, sales and export taxes, and import tariffs. Subsidies on production by economic activity are also included. Households are disaggregated by income quintiles. Social transfers are split in non-conditional (Procampo, universal pension, PAL-Sin Hambre , temporary employment program, and the regional program Amanecer ) and Oportunidades. The latter is also broken down into its five components: food, elderly, education, child, and energy. The introduction of conditional cash transfers in the SAM is particularly relevant because it allows assessing the impact of changes in their amount and distribution on household income, poverty reduction, income inequality, and economic growth at the regional level. Data sources: - National Institute of Statistics and Geography (INEGI): 2012 National Employment and Occupation Survey 2013 Chiapas Statistical Yearbook 2012 National Household Income-Expenditure Survey 2012 Chiapas Statistical Perspective 2003-2012 Goods and Services Accounts (SCNM) 2003-2012 Institutional Sector Accounts (SCNM) 2008 Input-Output Table 2008 Supply and Use Tables - Chiapas State Committee of Statistical and Geographical Information (CEIEG): 2012 Chiapas Employment and Occupation Survey 2012 Chiapas Monthly Statistical Reports of IMSS-insured Workers - Federal Ministry of Labor and Social Welfare (STYPS): 2012 IMSS-registered Daily Salary by Economic Activity 2012 IMSS-insured Workers Quality/Lineage: With the raw data a Social Accounting Matrix for the regional economy of Chiapas was built Features: - Oportunidades broken down by component - Other non-conditional social transfers such as Procampo, PAL-Sin Hambre, Employment program, Universal pension, and the regional program 'Amanecer' - Informal wages - Satellites tables of formal and informal employment - Productive activities according to the North American Industry Classification System (NAICS) used in Mexico, Canada, and the United States of America - 10 economic activities - 10 Commodities (one per economic activity) - Factors of production: formal and informal labor and capital Purpose: 1. To assess the opportunity cost of financing "Oportunidades", Mexico's conditional cash transfers program, and its implications for rural development and rural economic growth in the regional setting of Chiapas. Moreover, 2. Pro-growth and pro-poor tax structures are also evaluated by applying standard economic analysis tools and modeling to substantially raise the federal non-oil tax revenue to finance social policy for poverty and inequality reduction. Dissertation: Viveros Añorve, J. L. (2015): The opportunity cost of financing "Oportunidades": a general equilibrium assessment for poverty reduction in Mexico. Ph.D. dissertation. Center for Development Research, Faculty of Agriculture, University of Bonn

Explore the World Competitiveness Ranking dataset for 2016, including key indicators such as GDP per capita, fixed telephone tariffs, and pension funding. Discover insights on social cohesion, scientific research, and digital transformation in various countries.

Social cohesion, The image abroad of your country encourages business development, Scientific articles published by origin of author, International Telecommunication Union, World Telecommunication/ICT Indicators database, Data reproduced with the kind permission of ITU, National sources, Fixed telephone tariffs, GDP (PPP) per capita, Overall, Exports of goods - growth, Pension funding is adequately addressed for the future, Companies are very good at using big data and analytics to support decision-making, Gross fixed capital formation - real growth, Economic Performance, Scientific research legislation, Percentage of GDP, Health infrastructure meets the needs of society, Estimates based on preliminary data for the most recent year., Singapore: including re-exports., Value, Laws relating to scientific research do encourage innovation, % of GDP, Gross Domestic Product (GDP), Health Infrastructure, Digital transformation in companies is generally well understood, Industrial disputes, EE, Female / male ratio, State ownership of enterprises, Total expenditure on R&D (%), Score, Colombia, Estimates for the most recent year., Percentage change, based on US$ values, Number of listed domestic companies, Tax evasion is not a threat to your economy, Scientific articles, Tax evasion, % change, Use of big data and analytics, National sources, Disposable Income, Equal opportunity, Listed domestic companies, Government budget surplus/deficit (%), Pension funding, US$ per capita at purchasing power parity, Estimates; US$ per capita at purchasing power parity, Image abroad or branding, Equal opportunity legislation in your economy encourages economic development, Number, Article counts are from a selection of journals, books, and conference proceedings in S&E from Scopus. Articles are classified by their year of publication and are assigned to a region/country/economy on the basis of the institutional address(es) listed in the article. Articles are credited on a fractional-count basis. The sum of the countries/economies may not add to the world total because of rounding. Some publications have incomplete address information for coauthored publications in the Scopus database. The unassigned category count is the sum of fractional counts for publications that cannot be assigned to a country or economy. Hong Kong: research output items by the higher education institutions funded by the University Grants Committee only., State ownership of enterprises is not a threat to business activities, Protectionism does not impair the conduct of your business, Digital transformation in companies, Total final energy consumption per capita, Social cohesion is high, Rank, MTOE per capita, Percentage change, based on constant prices, US$ billions, National sources, World Trade Organization Statistics database, Rank, Score, Value, World Rankings

Argentina, Australia, Austria, Belgium, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Cyprus, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Latvia, Lithuania, Luxembourg, Malaysia, Mexico, Mongolia, Netherlands, New Zealand, Norway, Oman, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Singapore, Slovenia, South Africa, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine, United Kingdom, Venezuela

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This table represents the breakdown of tax refunds by recipient (individual vs business) and type (check vs electronic funds transfer). Tax refunds are also represented as withdrawals in the Deposits and Withdrawals of Operating Cash table. All figures are rounded to the nearest million. As of February 14, 2023, Table VI Income Tax Refunds Issued was renamed to Table V Income Tax Refunds Issued within the published report.

This table represents the breakdown of taxes that are received by the federal government. Federal taxes received are represented as deposits in the Deposits and Withdrawals of Operating Cash table. All figures are rounded to the nearest million.

This table represents the breakdown of inter-agency tax transfers within the federal government. All figures are rounded to the nearest million.

Over the past decade, demand for tax preparation software has grown substantially due to the increasing shift toward online business and tax filing, as reflected by the growth in self-prepared tax returns. However, economic fluctuations, especially during COVID-19, have led to significant revenue volatility for providers. The pandemic initially caused an online tax filing surge—up more than 25.0% from 2019 to 2020—as people avoided in-person professionals. As the pandemic eased, self-prepared returns fell, slowing revenue growth. More recently, high interest rates from 2022 to 2024 pushed businesses and consumers to use tax software to cut costs, temporarily boosting revenue, but anticipated rate drops could slow this trend. Meanwhile, market share concentration has slightly decreased due to scandals and a rise in entry, intensifying competition and causing the top companies' combined share to slip. As a result, major players may pursue mergers and acquisitions to regain ground while smaller developers cater to niche markets, aiming for stability amid shifting economic conditions. Elevated internal competition also caused providers to compete more heavily on price, reducing profit. Overall, revenue for tax preparation software developers has surged at a CAGR of 4.4% over the past five years, reaching $5.1 billion in 2025. This includes a 1.5% rise in revenue in that year. Over the next five years, tax preparation software developers are expected to experience slower revenue growth due to market saturation, as most consumers and businesses will already be familiar with online tax filing and will increasingly choose between self-preparation and professional services. IRS data indicates that growth in self-prepared tax filings is decelerating, prompting greater consolidation through mergers and acquisitions. While stable economic growth and population expansion may bolster demand, shifts in public policy—such as global tariffs —could hinder business formation and disposable income, adversely affecting revenue. Additionally, the IRS's launch and expansion of its own free filing platform, Direct File, threatens commercial providers by offering a robust, no-cost alternative. Advances in AI and natural language processing are expected to simplify tax filing and attract more users to software solutions, though these innovations require significant investment in R&D and data protection, likely increasing market concentration as smaller firms exit. Overall, revenue for tax preparation software developers is anticipated to inch upward at a CAGR of 2.9% over the next five years, reaching $5.6 billion in 2030.

This table represents the breakdown of total public debt outstanding as it relates to the statutory debt limit. All figures are rounded to the nearest million.

This table represents the issues and redemption of marketable and nonmarketable securities. All figures are rounded to the nearest million.

This table represents cash basis adjustments to the issues and redemptions of Treasury securities in the Public Debt Transactions table. All figures are rounded to the nearest million.

This table represents the amount Treasury has in short-term cash investments. Deposits and withdrawals of short-term cash investments are also represented in the Deposits and Withdrawals of Operating Cash table. This program was suspended indefinitely in 2008. All figures are rounded to the nearest million. As of February 14, 2023, Table V Short Term Cash Investments will no longer be updated and removed from the published report. The historical data will remain available.

According to Cognitive Market Research, the global Trade Managements market size was USD 1224.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.80% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD 489.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD 367.38 million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 281.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.8% from 2024 to 2031. Latin America had a market share of more than 5% of the global revenue with a market size of USD 61.23 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 24.49 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031. The cloud category is the fastest growing segment of the Trade Managements industry Market Dynamics of Trade Managements Market Key Drivers for Trade Managements Market Increasing Technological Advancements and Automation to Boost Market Growth The key factors driving the Trade Management market are technological advancements and the adoption of automation tools. In today's highly digital world, manual trade management processes are becoming increasingly inefficient, leading businesses to adopt automated solutions for managing trade transactions, customs documentation, and reporting. Innovations like cloud computing, artificial intelligence, machine learning, and blockchain are transforming trade management by offering features such as predictive analytics, real-time tracking, and smart contract automation. These technologies allow businesses to optimize trade operations, enhance data accuracy, and improve decision-making. Automation reduces human error, speeds up processes, and provides companies with better control over their global trade activities. As businesses strive for efficiency and scalability, the demand for advanced trade management systems continues to rise, particularly in industries like manufacturing, retail, and logistics, where complex global supply chains are prevalent. For instance, Livingston International Inc., a leading provider of customs brokerage, freight forwarding and global trade advisory solutions, announced the launch of Livingston Direct, a wholly digital, user-directed platform that provides US importers enhanced visibility into and hands-on control over online customs clearance Increasing Global Trade and Complex Supply Chains to Drive Market Growth As businesses expand into international markets, they face challenges related to managing tariffs, taxes, customs regulations, and cross-border logistics. Effective trade management solutions allow organizations to streamline these processes, ensuring compliance with regulations while minimizing operational inefficiencies. With the rising number of global trade agreements, fluctuating tariffs, and increasing regulatory requirements, businesses need automated systems to optimize customs clearance, manage trade documentation, and ensure timely shipments. Trade management systems offer real-time insights into shipments, trade compliance, and inventory, helping companies mitigate risks and reduce costs. The growing need for transparency, cost reduction, and compliance management in global supply chains accelerates the demand for trade management software, driving market growth. Restraint Factor for the Trade Managements Market High Implementation Costs Will Limit Market Growth The high costs associated with implementing comprehensive trade management systems can be a significant barrier to market adoption. These systems often require substantial investment in software, hardware, integration with existing enterprise systems, and staff training. Additionally, companies must allocate resources for ongoing maintenance and updates. Small and medium-sized enterprises (SMEs) may face financial constraints, making it difficult for them to invest in such complex solutions. The initial capital expenditure and long-term operational costs can deter businesses from adopting trade management systems, limiting market growt...