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

August 11, 2025
-FXnews

The Trump tariff revenues reached $29.6B in July which was a couple billion 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

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