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Moore says tariff revenue has reduced deficits but warns of legal uncertainty
Summary
Rep. Blake Moore told callers that tariff receipts boosted Treasury revenue and that the legal authority for some tariffs is facing a likely Supreme Court decision in early November.
On the same town hall call, Representative Blake Moore discussed trade and tariff revenue in response to a constituent question about the deficit.
"Our numbers show that Treasury brought in $77,000,000,000 from tariff revenue in 2024," Moore said, adding that tariff receipts have contributed to reduced year-over-year deficits in recent quarters. He also said, "since President Trump took over and was inaugurated, they've brought in over $200,000,000,000 from tariff revenue" (as described in the call).
Moore cautioned that some of the presidential tariff authorities being used are under legal challenge and that the Supreme Court may rule on the legal basis (identified in the call as the statute used to impose tariffs) in early November. He identified the International Emergency Economic Powers Act (IEEPA) as the authority frequently invoked and warned that a court ruling could change the trajectory of tariff policy and revenue collection.
Moore said he supports finding ways to increase revenue while watching for downstream economic effects, noting potential risks to markets and inflation if tariffs remain a long-term tool. He also said he is engaged with U.S. Trade Representative staff and that negotiations for trade deals remain a priority.
