Total amount of imports to US in 2024 was over 4 trillion, which means that the US will get 400 billion at a 10% tariff. If China will be taxed at 125%, we might end up with close to a trillion in tariffs, which can be used to pay the deficit
Posted on | April 9, 2025 | No Comments
In 2024, the total amount of imports brought into the United States was $4.11 trillion, encompassing both goods and services. This figure comes from the U.S. Bureau of Economic Analysis and U.S. Census Bureau data released on February 4, 2025, showing a $253.3 billion increase from 2023. Goods imports alone accounted for $3.359 trillion, as reported by sources like World’s Top Exports, with key categories including machinery, electronics, and vehicles. The broader $4.11 trillion includes services like travel and transportation, aligning with the U.S. Trade Representative’s breakdown. Some variations exist (e.g., $3.35 trillion for goods cited elsewhere), but $4.11 trillion is the most comprehensive and official total for 2024.
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