Trump News:
Taking action to protect farmersUS will take small portion of tariff revenues to give it to farmers We will provide $12 billion in aid to farmersHe spoke with Xi and he thinks China will buy even more soybeans than promised.
He added:
We willl take off a lot of environment rules that affect tractor companies.We will take those rules off and want reduction in prices on farming equipment.Farming equipment has gotten too expensive
For Fiscal Year 2025 (Ended Sept 30, 2025):
The US collected approximately $195 billion to $215 billion in customs duties. This represents a massive increase—roughly 150% to 250% higher than the previous year.
Fiscal Year 2024: For comparison, the US collected roughly $77 billion in customs duties.
Since the start of the fiscal 2026 year, (Started Oct 1, 2025):
Collections remain at record highs. In October 2025 alone, the Treasury reported collecting roughly $34 billion, putting the US on pace for another record-breaking year if current policies remain in place.
This article was written by Greg Michalowski at investinglive.com.