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Trump’s collecting record-high tariffs. Who’s paying them? - Washington Examiner

UNITED STATES, AUG 10 – Tariff revenue surged 242% year-over-year to nearly $30 billion in July, but economists warn the economic effects on consumers and growth remain uncertain.

In July, Uncle Sam collected $30 billion in tariffs. That’s a record tariff monthly haul, and President Donald Trump is trumpeting the number as a sign of success for his trade policy. But when the federal government gets richer, it means the private sector gets poorer. Every dime of tax collected by the federal government is money a taxpayer no longer has. So who pays the tariffs? It depends on how literally you mean that question, on which tar…
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• The highest tariffs were approved in the last 90 years.

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Washington Examiner broke the news in Washington, United States on Sunday, August 10, 2025.
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