Despite the U.S. taking in record income from President Donald Trump's tariffs in July — with a 273% increase in customs revenues (or $21 billion) from this time last year — the U.S. budget deficit is still higher,

The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a nearly $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing faster than receipts,

New data from the Treasury Department released Tuesday afternoon confirmed that June marked another record month on the revenue front, with some $27.7 billion in customs duties coming into US coffers.

U.S. President Donald Trump hit out at Goldman Sachs CEO David Solomon on Tuesday, saying the bank had been wrong to predict tariffs would hurt the economy and questioning whether Solomon should lead the Wall Street institution.

A new analysis finds that U.S. consumers have absorbed only a small portion of the tariffs imposed by the Trump administration — but Goldman Sachs expects that to change in the months ahead.

A last-minute executive order saw President Trump delay tariffs on Chinese goods by another 90 days. It may mean continued fluctuations in the price of consumer tech products.