US customs receipts from President Donald Trump’s expanded tariff regime climbed to about $29.6 billion in July, up from $28 billion in June and more than triple the level a year earlier, according to preliminary Treasury tallies cited by market analysts. The surge puts monthly revenues on pace to approach $360 billion annually and marks the first full month in which reciprocal duties of up to 50 percent on dozens of trading partners were fully in force. While the administration points to the record haul as evidence the policy is working, small and midsize companies report mounting strain from higher import costs. The Institute for Supply Management’s services-sector prices index jumped to 69.9 percent in July from 67.5 percent in June, the fastest pace of cost increases since late 2022, and businesses surveyed by trade groups say they are reviewing supply chains and passing on charges to consumers. A Financial Times report found Main Street retailers in St. Louis and other Midwestern cities already raising shelf prices. Economists warn the levies are starting to filter into broader inflation: the Yale Budget Lab estimates the latest duties could lift consumer prices by 1.8 percent in the near term and add roughly $2,400 a year to the expenses of a typical family of four. That prospect complicates the Federal Reserve’s efforts to sustain disinflation and leaves both the White House and congressional Republicans exposed to voter backlash should living-cost pressures intensify ahead of the 2026 mid-term campaign.