Trump tariff revenues reached $29.6B in July. Has it peaked?

8 months ago 42

RoboForex - professional services on Forex market

$30B per month x 12 months =$360B. Lutnick touted $700B. HMMMM.

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: https://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 companies
22% by US consumers
14% by others(? - maybe by foreign company lowering their prices)

Can that mix continue keeping inflation lower?

The average tariff rate moved down after August 1 suggesting the US may have we peaked in tariff revenue?

Oh no.

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