Here's a breakdown of available data:
July 2025: Nearly $30 billion, according to the Treasury Department. This represents a 242% increase compared to July of the previous year.
June 2025: More than $27 billion, setting a new monthly record at the time, according to Fox Business.
April 2025: Monthly record of $16.3 billion, an increase of $7.6 billion from March. This increase followed the implementation of a 10% tariff across nearly all goods, among other steeper levies.
January 2025: Around $7.9 billion.
Late 2024: Approximately $7 billion per month.

Steve,

The CBO made a forecast while tariff revenues are rising. Nothing dishonest about that. But a ten-year forecast is never what we get in reality.

The forecast was made when the unemployment rate was low.

There may have been other forecasts within that single report that were not stated by the Yahoo News article. There is no reason for the CBO not to have a spread of possible outcomes.

There is a reason for the news media to tweak the readers.

Macroeconomic Trends and Risks FAQ

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