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President Donald Trump has long touted tariffs as a key source of government revenue, and within just a few months of their implementation, billions of dollars have already flowed into federal coffers.

The U.S. collected more than $29 billion in tariff revenues in July, the highest monthly total this year. According to the Treasury Department’s latest "Customs and Certain Excise Taxes" data, released on Aug. 19, total tariff revenues have reached $158.3 billion for the fiscal year.

BESSENT SAYS TARIFF REVENUE COULD HELP PAY DOWN THE NATION'S $37.2T DEBT

The revelation comes on the heels of Trump’s sweeping tariffs on imported goods – duties paid by U.S. businesses to the federal government but often passed on to con

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