U.S. Collected $63 Billion in Tariffs Through June

Treasury’s haul began skyrocketing last year after Trump administration imposed new tariffs in retaliation for what it said were unfair business practices

The tariff hikes approved by President Trump have infuriated Beijing and escalated the U.S.-China trade war, but there has been at least one beneficiary: the U.S. Treasury.

As of June 30, the U.S. government has collected $63 billion in tariffs over the preceding 12 months, according to the latest Treasury data. What’s more, the tariff bounty is on the rise.

The U.S. collected $6 billion in tariffs in...