Reported about 10 hours ago
Donald Trump concluded a busy week marked by significant tariff threats, including new tariffs on Canada and Brazil, resulting in a record $26.6 billion in tariff revenue for June. As the trade war becomes increasingly complex, market reactions have been mixed, with expectations of intensified negotiations ahead of an August 1 deadline. Despite the surge in tariff collections, total government receipts remain much higher, indicating that while Trump’s tariffs are generating revenue, they still represent a small fraction of the overall federal income.
Source: YAHOO