The past week has been a whirlwind of economic and political events. From record-breaking customs duty collections to billionaire investors casting doubt on tariff outcomes, the week was filled with intriguing stories. Here’s a quick recap of the top five stories that made headlines.
US Customs Duty Collection Hits Record High
The U.S. Treasury Department announced that for the first time in history, the country’s customs duty collections have exceeded $100 billion in a fiscal year. The record-breaking collection for June 2025 alone was $27 billion, resulting in a surprising budget surplus for the month. The surge is largely attributed to President Donald Trump’s tariffs, which have become a significant revenue source for the federal government.
Ray Dalio Questions Effectiveness of Trump’s Tariffs
Billionaire …