US customs duty collections reached an all-time monthly high in July, with $27.7 billion flowing into government coffers, up from $26.6 billion in June and $22.2 billion in May.
Treasury Department data show tariff receipts have surged from around $8 billion a year ago, bringing the fiscal year-to-date total to $135.7 billion ahead of the 30 September close.
The rise reflects President Trump’s expanded tariff regime, which he says is boosting US wealth and markets, though economists note importers (and ultimately US consumers) bear the cost.
Despite the record, tariffs accounted for less than 10% of July’s $338 billion in total federal receipts, and the budget deficit still widened to $291 billion for the month.