The U.S. collected a record $7 billion in import tariffs in September, an analysis of government data shows, as new duties kicked in on goods from China
WASHINGTON—The U.S. collected a record $7 billion in import tariffs in September, fresh figures show, as new duties kicked in on apparel, tools, electronics and other consumer goods from China.
Tariff revenue jumped 9% from August and was up more than 59% from a year earlier. The revenue is a bounty for the U.S. Treasury, but is an increasing burden on the American businesses that import Chinese products—and their customers.
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