US Tariff-Driven Customs Receipts Top $100 Billion
Through the avenue of tariffs, Trump is seeking to rejuvenate domestic production and correct trade imbalances. (Eric Thayer/Bloomberg) U.S. revenue from customs duties this fiscal year surpassed $100 billion for the first time, reflecting higher tariffs imposed by the Trump administration. The Treasury Department recorded $27 billion in customs-duties revenue for June, bringing fiscal year-to-date ...more