US July Tariff Revenue Jump Fails to Halt Wider Budget Deficit

business • 8/12/2025

US tariff revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the monthly budget deficit — pointing to the federal government’s continuing fiscal challenges.

US tariff revenue reached a fresh monthly record in July, though the increase wasn’t enough to prevent a widening in the monthly budget deficit — pointing to the federal government’s continuing fiscal challenges . Customs duties climbed to $28 billio... [264 chars]