Trump tariffs are fattening federal coffers while prices rose just 0.2% in July, showing tariffs haven’t had a major impact on inflation so far. Here’s what you need to know about the tariff revenue surge and steady inflation data:

The revenue surge

Bipartisan budget group reports massive tariff income increase:

The July inflation report

Consumer Price Index shows minimal price increases:

The budget analysis caveats

Committee acknowledges limitations in tariff projections:

The deficit impact

Revenue won’t offset Trump’s spending increases:

The tariff escalation

Trump implements highest levies in over century:

The historical context

Tariff revenue growth spans multiple presidential terms:

Trump’s tariff defense

President emphasizes revenue and strategic benefits:

The inflation breakdown

Rising shelter prices drove July increase:

The core inflation concern

First time since February exceeding 3% annually:

The Democratic criticism

Elizabeth Warren attacks Trump’s economic policies:

The BLS leadership change

Trump fires bureau head over job numbers dispute:

The Heritage Foundation nominee

Trump nominates conservative economist to lead bureau:

The Federal Reserve pressure

Trump continues attacking Powell over interest rates:

The Fed building lawsuit

Trump threatens legal action over renovation costs:

The industry concerns

Retailers warn about tariff cost absorption:

The economic outlook

Inflation remains mild despite earlier predictions:

Read more:

• Bipartisan analysis shows Trump tariffs generated billions in new revenue

• Inflation holds steady as Trump ramps up new tariffs

This article is written with the assistance of generative artificial intelligence based solely on Washington Times original reporting and wire services. For more information, please read our AI policy or contact Ann Wog, Managing Editor for Digital, at awog@washingtontimes.com

The Washington Times AI Ethics Newsroom Committee can be reached at aispotlight@washingtontimes.com.