Trump Says U.S. Will Begin Collecting Tariff Revenue on Aug. 1

President Donald Trump said tariff revenue will begin reaching the U.S. Treasury on Aug. 1, underscoring his administration’s reliance on trade duties as a source of government funding. “We want tariffs, and we want the money coming into the United States,” he told reporters during a Cabinet meeting at the White House. The president did not disclose how much revenue he expects or specify which imports will generate the initial inflows. His comments follow the sweeping 145% tariff on Chinese goods that took effect on Apr. 9, part of a broader strategy to curb the trade deficit and encourage domestic production. Treasury data have yet to show material receipts from the levies, making Aug. 1 the first date officials anticipate booking the proceeds.