U.S. customs duty collections topped $100 billion for the first time in history as President Trump’s tariffs generated massive revenue for the country. New budget data shows that tariff revenues as a share of federal revenue have more than doubled, and tariffs have created a surplus as opposed to a $71 billion deficit in June 2024 under Biden.The Gateway Pundit recently reported that Treasury Secretary Scott Bessent announced during a cabinet meeting on Tuesday that the U.S. is on track to bring in over $100 billion in tariff revenue so far this year and potentially “well over” $300 billion by the end of the year.WATCH: Scott Bessent Says America Already on Track to Take in OVER $100 BILLION in Tariff Revenue This Year – Estimates “Well Over” $300 BILLION by End of Year as CBO Estimates Over $2.8 TRILLION Over 10 Years/*! This file is auto-generated */!function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i