A major shift is underway in U.S. fiscal policy — tariffs are surging.

🔶 $22.3 billion collected in May — an all-time monthly record

🔶 Up from $16.5 billion in April

🔶 Year-to-date total: ~$67.2 billion in tariff revenue

🔶 Customs & excise taxes have more than doubled in just 2 months

🔶 Tariffs now make up 4% of total federal revenue — up from the 2% average of recent years

What This Means:

🔶 The U.S. is leaning harder on trade-based revenue

🔶 Inflationary pressure may rise as import costs increase

🔶 Global trade flows are likely to shift in response

🔶 Could impact everything from commodities to crypto sentiment

Tariff revenue is rising rapidly — and this could reshape the global macro narrative heading into H2 2025.

#Tariffs #USMacro #Economy #TradeWar #Inflation #CryptoMacro