Trump News:
- Taking action to protect farmers
- US will take small portion of tariff revenues to give it to farmers
- We will provide $12 billion in aid to farmers
- He spoke with Xi and he thinks China will buy even more soybeans than promised.
He added:
- We willl take off a lot of environment rules that affect tractor companies.
- We will take those rules off and want reduction in prices on farming equipment.
- Farming equipment has gotten too expensive
For Fiscal Year 2025 (Ended Sept 30, 2025):
The US collected approximately $195 billion to $215 billion in customs duties. This represents a massive increase—roughly 150% to 250% higher than the previous year.
Fiscal Year 2024: For comparison, the US collected roughly $77 billion in customs duties.
Since the start of the fiscal 2026 year, (Started Oct 1, 2025):
Collections remain at record highs. In October 2025 alone, the Treasury reported collecting roughly $34 billion, putting the US on pace for another record-breaking year if current policies remain in place.
