US EditionAmid Trump Tariffs, US Customs Duty Collection Exceeds $100 Billion In A Fiscal Year For The First Time: Report
UNITED STATES, JUL 11 – The US budget deficit grew to $1.3 trillion despite tariff revenue rising to $113 billion and record $921 billion interest costs on public debt, officials said.
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7 Articles
U.S. President Trump overwhelms his international trading partners with an unprecedented customs war. Brazil and Canada hit hard last. Now the U.S. Treasury balances a strong plus. Further increases in revenue are expected. Nevertheless, the US budget deficit is increasing.
US budget deficit widens but customs receipts surge on tariffs
WASHINGTON, United States — The US government saw its budget deficit widen from the prior year in the October to June period as spending rose. On the other hand, customs duties surged to a record after President Donald Trump’s wide-ranging tariffs on imports. The budget gap widened by $64 billion to $1.3 trillion for the first
The U.S. government deficit increased further between October and June, compared to the same period a year earlier, despite an increase in revenue from customs duties, according to documents published by the Treasury Department on Friday.
The cost of US debt has reached a record high. The post-U.S. deficit is growing despite revenues from tariffs appeared first on Les Affaires.
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