The Trump tariff revenues reached $29.6B in July which was a billion or two 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: 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 companies22% by US consumers14% by others(? - maybe by foreign company lowering their prices)Can that mix continue keeping inflation lower?
It can, and if other inflation moves lower, the door could open for the Fed to cut rates going forward. For companies to eat the 64%, they will need to find it somewhere. Increasing efficiency, cutting payroll are some ways. For the consumer, it cost more for imported goods, but will services prices go down?
BTW... Wanted something for lunch with my wife on Saturday so I suggested McDonalds as time was limited (we do not go there often). For a two cheeseburger meal (which we split) it came to $12.30. Wow.
The average tariff rate moved down after August 1 suggesting the US may have we peaked in tariff revenue?
Anyway, getting to $700B might be difficult. We will see. .
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about trump tariff revenues reached 29 6b in july has it peaked was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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