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U.S. Customs Duty Revenue Hits Record $288 Billion

Photo by Renaldo Matamoro / Unsplash

The U.S. collected a record $288 billion in customs duties over the past year, more than triple the level seen just a few years ago. Higher tariffs and increased import values have sharply boosted government revenue from trade taxes.

Source: U.S. Treasury data via Charlie Bilello

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