U.S. Budget Deficit Jumps 20% to $291bn in July Even as Trump’s Tariffs Swell Customs Revenues

The U.S. government’s budget deficit widened by nearly 20% in July to $291 billion, even as customs duty collections surged by almost $21 billion due to President Donald Trump’s tariffs, according to Treasury Department data released Tuesday. The July shortfall was $47 billion higher than the same month last year, driven by outlays growing far

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