U.S. Is Cashing in on Tariffs

By Meg Waters | November 13, 2018 at 03:52 PM

The Treasury Department brought in a record $5.6 billion in tariff revenue in October.

The jump in monthly tariff revenue in recent months has more than offset declining transfer payments from the Federal Reserve system, according to U.S. Treasury data.

The Treasury brought in a record $5.551 billion in tariff revenue in October while deposits of earnings from the Federal Reserve fell to $4.541 billion. Last October, customs duties receipts were $3.239 billion.

From: Bloomberg

Copyright 2018 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.

Recommended Stories

June 12, 2026

Last month, the PPI increased 6.5% from May 2025 and 1.1% from April 2026.

June 11, 2026

"Negative earnings are not typically associated with an investment-grade company, but nothing about this is typical. It sits in a category of its own."

June 10, 2026

"To be honest with you, the United States does much better. We don't need anything that Canada has, we don't need anything that Mexico has, but they need everything that we have, and they have to treat us better."