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Jul 30, 2025  |  
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NextImg:BREAKING: Trump tariff revenues break new record in July – The Right Scoop

I just told you that a bill has been submitted in the Senate that would send rebate checks from President Trump’s tariffs to every American.

Well now we are hearing that the tariff revenues continue to break monthly records, with July’s being the highest amount collect this year.

Here’s more from Fox Business:

As President Donald Trump enters the final days before his global trade deadline, tariff revenues have climbed to a record $150 billion so far this year.

The U.S. collected nearly $28 billion in customs duties in July, the highest monthly total so far this year, according to the Treasury Department’s “Customs and Certain Excise Taxes” data. The July figures, based on data through July 25, have already surpassed June’s monthly record of $27 billion.

In January, tariff revenues hovered around $7.9 billion and more than doubled in April to $16.3 billion.

The revelation comes as Trump enters the final week of high-stakes trade negotiations. On Sunday, the president struck a deal with the European Union, America’s largest trading partner, just days after announcing a separate agreement with Japan.

Treasury Secretary Scott Bessent has previously said the administration predicts tariffs may generate more than $300 billion in revenue for the federal government. As the Trump administration touts rising tariff revenue, it’s U.S. businesses that pay those higher import taxes to the federal government.