Trump Signs 11 Trade Deals Ahead of New Tariff Rollout

President Donald Trump's latest round of global trade duties has spurred a 261% surge in tariff revenue, jumping from $8.2 billion in March to $29.7 billion in July. The spike precedes a fresh batch of tariff rate changes set to take effect on August 7, delayed by a week to accommodate U.S. Customs and Border Protection logistics. Monthly revenue flows have climbed steadily: $17.4 billion in April, $23.9 billion in May, $28 billion in June, and now a record high.

In the days leading up to the updated tariffs, TRUMP secured new trade agreements with Japan, the European Union, and South Korea—three of America's top trade allies. Eleven of the country's 15 largest trading partners have now signed new arrangements under this administration. Treasury Secretary Scott Bessent projects total tariff revenue could exceed $300 billion.

The burden falls initially on U.S. businesses, which pay import duties directly to the government. These costs invariably trickle down to consumers through higher prices on everyday goods. Meanwhile, consumer debt continues its rapid ascent, compounding economic pressures.