The revenue from President Donald Trump’s tariffs increased in August. However, a recent court for the White House increased the possibility that some of the money may need to be repaid.
Treasury department figures show that the US earned $ 30 billion in tariff revenue in August, which has brought the total to $ 165 billion from the day to the day.
In contrast, August 2024 gave 7 billion dollars and 70 billion dollars were collected in the same period a year ago. This increases the increase in tariff receipts this year to $ 95 billion. . earning However, the courts can ultimately be temporary if the approach is illegal and the order reimburses.
At the beginning of this month, a Federal Court of Appeal found that Trump deprived the international economic emergency authority law to apply the tasks in question. The administration is attractive by sending the dispute to the high court.
Treasury Secretary Scott Bessent, NBC’s “Meet of the Press” about the “Treasury for the treasury, we would have to pay back to about half of the tariffs,” he said. In a court application, Bessent said tariffs between 750 billion and $ 1 trillion until June 2026, which is expected to make the decision of the Supreme Court. In November, justice accepted to watch the case quickly with arguments.
Court loss may not end the tariffs completely
According to LPL Financial Chief Stock Strategist Jeff Buchbinder, tariffs may not disappear, even if the court is against the administration.
He wrote that the White House has other legal ways to re -establish tasks. It has not been solved whether the tariff income collected earlier should be repaid. Buchbinder, “the highest US court rules, no matter how, expect most of the existing tariffs to remain in place,” he wrote.
Not every tariff.
There are “mutual tariffs üzerinde on the tasks related to Fentanyl in Canada, China and Mexico. The sector -specific tariffs in goods such as foreign cars, steel and copper are outside the case because they are listened to on a different legal basis and remained in force.
The economic ground has become more complex. As the data department data showed on Thursday, the US consumer prices increased in seven months in August in August. At the same time, an increase in applications for the first time for unemployed aid last week left the Federal Reserve on the road to reduce interest rates next Wednesday.
Together, a more strict inflation and a softer labor market revived Stagflation concerns after the meeting on Wednesday and complex the Fed’s elections. Trump also said that recently, as the United States has been reported by cryptopolitis, it would be “completely destroyed without tariff money.
Increased tariffs and travel prices
Part of the price print reflects companies that exceed higher costs depending on the wide tariffs of Trump and a recoil in demand for travel. The number of visitors to the United States collapsed among boycotts and administration’s immigration pressures in the early spring and summer before returning higher.
The Office of the Working Statistics increased by 0.4% in August after an increase of 0.2% in July in July.
Housing costs increased by 0.4%. Food prices increased by 0.5%, supermarket prices increased by 0.6%. Fruits and vegetables saw the biggest increase with 1.6%. Tomato prices have increased by 4.5%since January 2020.
Cattle increased by 2.7% per month and was 13.9% higher than the previous year. Coffee increased by 3.6% for the month and 20.9% compared to the previous year. While tariffs probably contributed to some of these increases, past droughts that reduce the national cattle herd helped to be higher beef.
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