Posted on 07/29/2025 10:30:29 PM PDT by SeekAndFind
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.
However, the economic burden could ultimately be passed on to American consumers through higher prices.
(Excerpt) Read more at foxbusiness.com ...
🚨 JUST IN: Treasury Secretary Scott Bessent gave a glorious 4-word answer when somebody asked him...
"You've been described as a global macro veteran and you've run a hedge fund. In this moment, where would you put your money?"
BESSENT: "United States of America."
🇺🇸🔥 pic.twitter.com/e5oWfq5ufL— Eric Daugherty (@EricLDaugh) July 29, 2025
Bessent, with the mic drop: "United States of America."
JMO, YMMV
“It sounds to me like “somebody” has been deliberately making America poor by NOT having tariffs in place for decades.”
In 1865 the U.S. economy was in shambles from 4 years of Civil War. Argentina was considered to be the rising star in the Americas. Great Britain was the strongest economic, industrial, and military power on the planet.
In 1900, only 35 years later, the United States had the largest industrial economy on the planet. It had a powerful navy and had just won a war against a European power, Spain. It would soon surpass Great Britain as the world’s greatest military power.
From 1865 to 1900, the U.S. experienced the fastest economic growth in its history, with the highest tariffs in its history. Tariffs and duties funded completely the federal government. There was no federal income tax and the national debt was small.
There is a lesson here.
We tried exporting our jobs for lower prices, and we can see where that got us.
If it means more Americans are working and the high paying jobs the free traitors offshored are brought back, then I'm fine with that.
Between 1865 and 1900 the U.S. still had a frontier that provided an opportunity for expansion. During this period, nine states were added to the U.S., leaving only three to be added to the contiguous 48 states after 1900.
Pay down the debt already. Stop printing trillions in vapor dollars. Lower the interest rates. Open up the lumber industry.
Could
“However, the economic burden could ultimately be passed on to American consumers through higher prices.”
The liberals keep praying
Anything to make Trump fail
Pissing on the parade again…..
Stop our stupid Senators and Congressmen from seeing tariff revenue as a windfall to spend more, passing out money to buy voters and campaign donors
Sen Hawley already started a bill to pass out $600 rebate checks to every man woman and child
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