Tariff Cash Is Rolling In, Hits $28 Billion in July

At this pace, tariffs will raise an additional $230 billion in corporate taxes a year. US nonfinancial corporate profits spiked to $3 trillion a year. By Wolf Richter for WOLF STREET. The amount in tariffs collected by the government in July rose to $28 billion, from $26.6 billion in June, $22.2…