Trump Tariffs Generate Record $27.7 Billion in July Amid Trade Policy Shifts

U.S. customs duties surged to a monthly record of $27.7 billion in July, marking a steady climb from June's $26.6 billion and May's $22.2 billion. The fiscal year-to-date total now stands at $135.7 billion—a dramatic increase from the $8 billion collected during the same period last year. President TRUMP hailed the figures as transformative for the nation's economy, though analysts note tariffs remain a minor component of overall federal revenue.

The Treasury Department's latest data underscores the accelerating pace of tariff collections since 2022, eclipsing historical benchmarks. Trump amplified the achievement on Truth Social, claiming the policy boosted markets and national wealth while lambasting Goldman Sachs' tariff assessments. The revenue spike coincides with escalating trade tensions and restructuring of global supply chains.