In July 2025, the United States government under President Donald Trump set a new monthly record by collecting $29.6 billion in tariff revenues. This surge in tariff income reflects the ongoing impact of the administration's aggressive trade policies, which include a new round of massive tariff measures implemented earlier in the year. These tariffs have contributed to a spike in U.S. nonfinancial corporate profits, which reached $3 trillion annually, and are projected to generate an additional $230 billion in corporate taxes per year. However, Trump's tariff strategy has drawn strong criticism from experts domestically and internationally, with concerns over its wide-ranging effects on global trade. The tariff policies, which took effect in early April 2025 and include measures starting August 7, 2025, have disrupted economies worldwide, affecting both developing countries such as Laos and Algeria and developed nations including Canada and Switzerland. The administration's approach to trade negotiations and tariff implementation continues to provoke debate about the broader implications for the U.S. economy and international relations.