Let me summarize some evidence and statistics related to the recent Donald Trump administration’s tariff policy. Of course, not all claims have a complete causal relationship, and it is appropriate to interpret them as “possible impacts.”
✅ Key statistics and facts
- an increase in customs revenue
The U.S. government has recently recorded statistics that tariffs (customs and customs imports) are increasing rapidly. For example, in June 2025, customs imports amounted to about $27 billion (annual quarterly data).
A report predicted that tariff revenues could rise to more than $300 billion during 2025.
Tariffs still account for a small portion of total federal revenue, but they are on the rise. There is an analysis that “tariff revenue is within 5% of total revenue.”
- Who pays for the expenses
According to several reports, if tariffs increase the price of imported goods, the burden can be passed on to the profitability of importers, consumers, or companies.
For example, in a survey of small and medium-sized companies, many companies said that they are experiencing rising costs → profit pressures due to recent increases in tariffs.
- Examples of Impact on Corporate Profitability
According to media reports, some U.S. automakers and others have mentioned that tariff-related costs are worth billions of dollars, which has reduced their profits.
⚠️ Points to note and limitations in interpretation
It is difficult to conclude that increasing tariffs automatically leads to worsening profitability for all U.S. companies. Different companies have different import structures, different possibilities of price transfer, and whether they have alternative suppliers.
The phrase “tariffs are paid by Americans” is important in context. In fact, the importer pays customs duties, but how those costs are reflected in consumer prices, corporate margins, or the cost structure of the importer varies.
Data has been concentrated in the last half-year to a year, so it is still an area that has not been clearly concluded what structural changes will occur in the long run.