[ad_1]
The Trump tariff revenues reached $29.6B in July which was a couple billion more than the $28B collected in June. Tariff revenues rose steadily from $17.4 billion in April to $23.9 billion in May, before climbing to $28 billion in June.
At $29.6B running rate (call it $30B per month), that would reach $360B for the year. That is more collected than ever, but it is not the $700B that Commerce Sec. Lutnick touted on Sunday news shows back at the end of July.
See: https://investinglive.com/news/lutnick-no-more-extensions-of-tariffs-past-august-1-700b-in-tariffs-will-be-collected-20250727/
Pinochio?
Goldman over the weekend, estimated that:
- 64% is being paid by US companies
- 22% by US consumers
- 14% by others(? – maybe by foreign company lowering their prices)
Can that mix continue keeping inflation lower?
The average tariff rate moved down after August 1 suggesting the US may have we peaked in tariff revenue?
Oh no.
[ad_2]
Source link
