Newsdeck: US deficit grows to $291 billion in July despite surge in tariff revenue
[Daily Maverick - Zambia] - 12/08/2025
Aug 12 (Reuters) - The U.S. government's budget deficit grew nearly 20% in July to $291 billion despite a $21 billion jump in customs duty collections from President Donald Trump's tariffs, with outlays growing faster than receipts, the Treasury Department said on Tuesday.
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