Trump tariff revenues reached $29.6B in July. Has it peaked?

The Trump tariff revenues reached $29.6B in July which was a pair billion greater than the $28B collected in June. Tariff revenues rose steadily from $17.four billion in April to $23.9 billion in Could, earlier than climbing to $28 billion in June.

At $29.6B working fee (name it $30B per thirty days), that may attain $360B for the yr. That’s extra collected than ever, however it isn’t the $700B that Commerce Sec. Lutnick touted on Sunday information exhibits again on the finish of July.

See: https://investinglive.com/information/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 firms
• 22% by US shoppers
• 14% by others(? – possibly by international firm reducing their costs)

Can that blend proceed preserving inflation decrease?

The typical tariff fee moved down after August 1 suggesting the US might have we peaked in tariff income?

Oh no.

This text was written by Emma Wang at investinglive.com.