U.S. Tariff Revenue Soars Over 300% This Fiscal Year to Date

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