The U.S. government collected a record $27.7 billion in customs duties in July, fueled by President Donald Trump’s continued use of tariffs to reshape the nation’s trade policy. Treasury Department data released Tuesday shows this marks the highest monthly total on record, surpassing June’s $26.6 billion and May’s $22.2 billion.
The figure represents a sharp increase from roughly $8 billion in July 2024 and pushes total tariff revenue for the fiscal year — which ends September 30 — to approximately $135.7 billion. The surge underscores how tariff collections during Trump’s second term have far exceeded levels seen in his first term and in recent U.S. history. Continue reading U.S. Tariff Revenues Hit Record $27.7 Billion in July Amid Ongoing Trade Disputes →
NEW YORK — July 28, 2025 —
U.S. markets treaded cautiously today following news that the United States has agreed to impose a 15% tariff on cars and other imports from the European Union—lower than the more severe rates previously proposed by President Donald Trump. While the move avoids a deeper trade clash, uncertainty over the full terms of the agreement and a packed week of economic flashpoints have left investors in a holding pattern.
The S&P 500 slipped 0.2% by afternoon trading, pulling back slightly from a record-breaking streak last week. The Dow Jones Industrial Average dipped 0.3%, or 142 points, while the Nasdaq inched up 0.2%, continuing its strong performance. Continue reading Wall Street Edges Lower as Tariff Decision, Fed Meeting, and Tech Earnings Stir Caution →
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