Peter Navarro, chief consultant at the White House for Trade and Manufacturing, joins “futures contracts on Sunday morning” to discuss the court’s ruling on President Donald Trump’s tariff, Russian oil trade in India, and the removal of federal reserve governor Lisa Cook and more.
The US government raised $ 31.4 billion in Customs tariff revenues In August, he confirmed the largest monthly transportation so far in 2025, which confirms the constant impact of commercial duties on the economy.
The total customs tariff revenues of 2025 amounted to more than 183.6 billion dollars, according to the latest “customs and some taxi taxes” issued on August 29 by the Ministry of Treasury.
Trump says we will be “destroyed” without the revenues of the tariffs
The customs tariff revenues increased steadily from $ 17.4 billion in April to 23.9 billion dollars in May, before climbing to $ 28 billion in June and reaching $ 29 billion in July.
An annual basis for tariff groups. (US Treasury / Fox News)
So far in September, the United States has brought a little more than one billion dollars, according to the last treasury statement. At the current pace, the United States can collect the largest amount of customs tariffs in just a few months, as it did during the entire previous year.
The increase in customs tariff revenues comes at a time when the Trump administration moves to support global duties, following the decision of the Federal Appeal Court Donald Trump He exceeded his authority to impose them through emergency powers.
The court’s decision on August 29, which is seen as a setback for Trump’s commercial policy, does not extend to the customs duties imposed on steel and aluminum imports.
Shipping containers are organized at the Houston Port for power on February 10, 2025, in Texas. (Brandon Bell / Getti Emaiz)
Public Prosecutor Pam Bondi The Ministry of Justice said it will appeal the decision of the Supreme Court and work through this legal process. Meanwhile, the court allowed Trump’s definitions to stay in place until mid -October.
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Treasury Secretary Scott Bessin said on Sunday that he was confident that the Trump administration would win its case in the Supreme Court. He previously said that the customs tariff revenues may lead 500 billion dollars.
However, the source of customs tariff revenues is important for observation. American companies pay these import taxes to the federal government, but the cost often falls on consumers, as companies raise prices to pass the economic burden.
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