The government did not collect $300 billion in revenue from tariffs that were imposed illegally on Americans.
95%
Model: Kimi K2.6Checked on:
Verdict explanation
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The Supreme Court ruled on February 20, 2026 that President Trump’s tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were unconstitutional, meaning they were illegally imposed12.
The government collected approximately $134 billion from these challenged tariffs as of mid-December 2025, and estimates of the total IEEPA tariff revenue collected range from about $166 billion to over $170 billion—well below $300 billion341.
The $300 billion figure was a projection by Treasury Secretary Scott Bessent in mid-2025 for potential total tariff revenue by year-end, not the actual amount collected from illegal tariffs56.
Total customs duties across all tariffs in calendar year 2025 reached $264 billion, which still falls short of $300 billion and includes legal pre-existing tariffs alongside the illegal IEEPA duties4.
Economic analyses show that American importers and consumers ultimately bore roughly 96% of the tariff costs, confirming the financial burden fell on Americans7.