The United States collected $28 billion in tariff revenue in July, the highest monthly total this year, according to the Treasury Department’s “Customs and Certain Excise Taxes” data. The total has already surpassed June’s $25B record, and only accounts for tariffs collected up to July 25. So far, the US has collected over $150B in tariff revenue in 2025.

The tariffs first imposed by President Donald Trump back in April brought over $80B in revenue through June 2025. We are bringing in “much more money than we have scheduled” through revenue from trade tariffs, Trump told reporters last month. Many experts have viewed the tariffs as a huge success; however, they have disrupted the normal flow of trade, making imports and exports expensive for businesses. Furthermore, the tariffs are known to spark price increases for several products in the US that feature ingredients or sourcing from abroad. One of the biggest markets anticipated to be hit hard by the resumption of tariffs is the automotive industry.

Come next month, one country that won’t contribute to US tariff revenue is China. Today, the US and China agreed to a new tariff pause. Trump has indicated positive China-US economic relations right now, which business groups have welcomed. He recently told reporters: “We are getting along well with China.” He also mentioned that President Xi has invited him to China, and he’s looking to make it happen “in the not-too-distant future.”

Also Read: US and China Officially Agree to Extend 90-Day Tariff Pause

The US President is nearing a crucial deadline in tariff talks to finalize several deals. On Sunday, the president struck a deal with the European Union, America’s largest trading partner, just days after announcing a separate agreement with Japan. However, numerous deals are still on the table.