US Treasury Deficit - The US Treasury experienced a significant deficit of $291 billion in July, exceeding economists' expectations of $183 billion [1] - July's deficit was notably higher than the $244 billion deficit recorded in July of the previous year [2] - Increased government spending, reaching an all-time high for July, contributed to the larger deficit, with spending up 10% year-over-year [2] - The fiscal year-to-date deficit stands at $16 trillion, slightly above the level from the same period last year [3] Customs Revenue - The US collected $28 billion in customs revenue last month, a figure that includes more than just tariffs [3] - Customs revenue has increased this year, coinciding with the implementation of tariffs [4] - Year-to-date customs duties collected by the Treasury amount to approximately $115 billion [4] - The actual tariff revenue collected is significantly less than the trillions of dollars often cited [4]

Revenue Performance - US customs duties revenue surpassed $100 billion for the first time this fiscal year [1] Trade Policy Impact - Revenue increase reflects higher tariffs imposed by the Trump administration [1]