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The Euro is expected to fluctuate between 1.1690 and 1.1760 against the US Dollar.
The Euro is expected to trade between 1.1690 and 1.1760 against the US Dollar. Recent analysis indicates that the Euro’s upward trend from last month has ended, and it may drop to around 1.1660.
In the last 24 hours, the Euro fell to 1.1686 but then recovered. However, any gains may be limited to about 1.1765. The currency dropped to 1.1682 before closing at 1.1724, which is a 0.15% increase.
Looking ahead, the outlook for the Euro has shifted from positive to cautious, starting from 1.1745. The previous expectation of reaching 1.1810 has been lowered to 1.1795, signaling a possible pullback rather than a steady increase.
These predictions come with risks, and the market insights provided should be seen as general information rather than specific investment advice. It is essential to conduct thorough independent research before making any investment decisions, as financial losses could occur.
Overall, there is dwindling confidence in the Euro’s ability to sustain its upward movement from last month. The recent brief rise after hitting around 1.1686 is seen as temporary and lacks strong momentum. Moves above 1.1760 or into the 1.1795 range are now viewed as limited corrections rather than new rallies.
This change in perspective is significant. Early in July, there was potential for growth based on a larger recovery. However, recent price trends and corresponding data now suggest a deeper pullback, falling short of the previously highlighted 1.1810 level. That level has become less important, with attention shifting to the more cautious target of 1.1795, which now represents the high end of possible price adjustments.
From a trading standpoint, the revised range of 1.1690 to 1.1760 indicates weak short-term directional confidence. Current activity is subdued, affecting leverage and volatility in options trading.
The softer close and hesitant upward movements suggest downward pressure is returning, but not strongly yet. Technical support at 1.1660 is close enough to limit downside moves until a decisive close below confirms broader selling. If this level is broken with significant volume, it could attract sellers and undermine long positions established above 1.1745.
In the options market, implied volatility for short-term contracts has decreased, indicating that the market struggles to anticipate significant Euro movements in the near term. This trend often reflects a lack of institutional hedging during non-trending periods, leading directional traders to be more flexible.
Overall, prices are fluctuating without strong momentum. In range-bound conditions, mean-reversion strategies become more favorable. For short-term options, sellers should watch for quick false moves near 1.1760, which continues to limit upward potential. Similarly, downward moves that lack momentum might find interest around 1.1660, where some buying might take place.
Risks will remain high around scheduled comments on monetary policy and inflation reports in the next two weeks. However, unless there’s an unexpected event, macro movements appear muted, driven more by technical positioning than major news. This means that any rapid directional shift will need confirmation over several sessions before being aggressively traded. Short-term strategies should stay focused.
While market sentiment has shifted around the 1.1745 level, it does not indicate an imminent drop. It suggests, however, that a strong support level has yet to form, and traders should not assume one will emerge just because prices stall.
Hassett is emerging as a strong candidate for the next chair of the Fed.
The Wall Street Journal has reported that Kevin Hassett is being considered for the Federal Reserve chair position. He allegedly met with Donald Trump in June to talk about this potential appointment.
If Hassett is chosen, it may reflect Trump’s preferences, hinting at a collaborative approach to monetary policy. It’s uncertain how this could impact the markets.
Monetary Policy Direction
Hassett being seriously considered for the top job at the Federal Reserve changes our expectations for monetary policy. His talks with Trump indicate that his candidacy is more likely now, giving us a clearer view of future policymaking styles. Hassett is known for favoring easier monetary conditions, especially when economic growth slows. If he becomes the head of the Fed, we might see stronger resistance against further rate hikes, particularly if inflation data stabilizes. This would mark a shift from the current approach under Powell, who has been more focused on increasing rates to control inflation. This potential change allows for better scenario planning. Long-term bond yields might face downward pressure as the likelihood of stricter policy lessens. This isn’t just speculation; it’s how long-term rates usually respond when there’s a genuine chance of a softer monetary stance from the Fed. We’ve already noticed shifts in forward contracts on interest rates after earlier signals, similar to what happened with short-term SOFR futures last spring. The options market is leaning towards lower rate expectations, particularly for short-term rates. This doesn’t necessarily mean everyone believes Hassett will be appointed; it indicates that markets are adjusting their outlooks in subtle yet meaningful ways.Interest Rate Speculation
This development is significant. Traders focused on quick directional moves in interest rates or inflation-linked derivatives should be watchful for pricing changes as market outlooks evolve. Hassett’s policy history suggests he prefers growth-focused strategies. Should he provide forward guidance, any insights may clarify expectations quickly, reducing volatility but enhancing the value of curve shape trades. We’re now more interested in trades based on the idea that rate cuts might begin sooner. Some three-month basis spreads already suggest this perspective. Noticing unusual movements in 18- to 24-month tenors could provide early warnings—especially if they diverge from inflation swaps. Timing will be crucial. It’s important to remember that Fed leadership affects market sentiment beyond interest rates alone. If investors sense a steady, growth-oriented approach, risk assets in related sectors—like consumer lending credit derivatives—often show narrower spreads. However, we aren’t at that point yet. The White House hasn’t made anything official, but the situation has shifted enough to warrant adjustments in exposure and margin levels. Market participants should keep an eye on volumes in options for rate futures for the December and March contracts. Activity often spikes after speculation about Fed appointments, and this instance may follow suit. Small changes in implied volatility for these contracts frequently indicate stronger sentiment shifts than actual spot rate changes. Setting alerts could be beneficial. Create your live VT Markets account and start trading now.The PBOC sets the USD/CNY central rate at 7.1541, lower than the expected 7.1806
The People’s Bank of China (PBOC) sets a daily midpoint for the yuan within a managed floating exchange rate system. This allows the yuan’s value to fluctuate by +/- 2% around this central reference point.
Recently, the yuan closed at 7.1780. The PBOC introduced 75.5 billion yuan through 7-day reverse repos at a rate of 1.40%. Today, 98.5 billion yuan will mature, leading to a net liquidity drain of 23 billion yuan.
To clarify, the PBOC manages the yuan’s daily exchange rate using this midpoint system. This midpoint serves as an anchor, allowing the currency some market flexibility. It offers a buffer of two percent on either side, giving the central bank some room to manage the currency without fully floating it.
At the latest update, the yuan stood at 7.1780 against the dollar. This figure reflects capital flows, trade balance concerns, and shifts in global risk preferences. The PBOC’s move to inject 75.5 billion yuan via short-term reverse repos provides temporary funding to commercial banks, enhancing liquidity in the banking system. Essentially, they give cash in exchange for government bonds or other approved securities, which they will retrieve shortly – acting as a short loan backed by safe collateral.
However, with 98.5 billion yuan maturing today, there will actually be a liquidity withdrawal of 23 billion yuan. This shift indicates slightly tighter monetary conditions. While not alarming, it does show that the PBOC is not completely hands-off.
Looking ahead, the reduced liquidity suggests a cautious approach. We might expect some defensive actions in funding markets and subtle pressure on interest rate forwards. A net drain typically lowers activity in short-dated interest rate instruments or raises costs, even if just temporarily. Although reverse repos are common, their overall impact can reveal much.
This situation might indicate less need for short-term easing, especially when combined with the yuan’s midpoint alignment. By keeping the midpoint stable, it seems policymakers aren’t in a hurry to move the currency in either direction. Coupled with the liquidity drain, the PBOC appears measured and isn’t pushing for further loosening right now.
It’s important to recognize the short-term tightening effects from this liquidity drain. This could influence implied volatility on rate products or lead to slight adjustments in risk assessments. Those expecting a sudden ease in funding or a softer yuan should reconsider. Spot market interventions aren’t likely, but the methods being used are subtle indicators that immediate easing isn’t on the table.
Hao’s earlier forecasts still hold, as do Tang’s broader macro views. However, those betting on a dovish shift should take note of the tighter operations spread. Even if the overall narrative doesn’t change, the volume presents a clear message: less liquidity now favors currency stability.
In summary, the approach is structured and shows discipline. We aren’t witnessing extremes, nor is there chaos. The current stance reflects a careful withdrawal, maintaining steady control within daily decisions. This provides clearer visibility for modeling future moves, especially related to interest rates.
In a CNBC interview, Howard Lutnick mentioned expecting 15 to 20 upcoming letters about copper tariffs.
US Commerce Secretary Howard Lutnick announced that 15 to 20 letters will be released soon. He mentioned possible copper tariffs in late July or August and plans for trade talks with China with US Treasury and Trade representatives in early August.
A trade war occurs when countries implement strict measures like tariffs, which increase import costs. The US-China trade conflict started in 2018 when the US imposed tariffs on Chinese goods, leading China to respond similarly. Although a Phase One deal in 2020 aimed to reduce tensions, many tariffs remain.
Trump’s Return and Trade Tensions
With Donald Trump running for president again, we expect increased tensions with China. Trump has vowed to implement a 60% tariff on Chinese goods during his 2024 campaign. This renewed trade war impacts global economies and supply chains, affecting spending and contributing to inflation. This information contains forward-looking statements and is not investment advice. It’s essential to do thorough research before making any financial choices. The authors express personal views and are not registered investment advisors, so they take no responsibility for reliance on this information. Lutnick’s statements hint at numerous official notifications likely aimed at specific trade partners. We see this as a first step before broader trade policy changes. Although these letters might initially carry only diplomatic significance, they signal a shift in Washington’s trade stance, particularly regarding copper—an essential material in industrial supply chains. The mention of potential tariffs on copper this summer suggests timing that may align with changes in commodity market liquidity and pricing for tech and energy companies. Additionally, the announcement of high-level discussions with Chinese officials this August indicates alignment within US fiscal and trade agencies. This sets the stage for a thoughtful policy adjustment rather than abrupt changes, but history shows that these talks seldom happen without administrative strategies in place. The 2018-2020 period serves as a reminder: the tariffs then triggered reactions that went beyond expectations, often catching experienced market players off guard. Many assets experienced volatility not directly tied to market fundamentals but rather to political timing and regulatory uncertainties.Metals Market Impact and Global Responses
We anticipate various pressure points will emerge once these letters are released. Traders focusing on the relationship between equity volatility and metals might see unforeseen changes. For trades involving copper and related assets—like aluminium or rare earth contracts—hedging costs could rise, especially if the letters contain detailed product information or suggest retroactive policies. Speculation about tariffs isn’t new, but Trump’s return to the presidency adds real risk. His plan to impose a 60% tariff on Chinese imports frames the market in terms of “when” rather than “if”—and more crucially, “how much.” Institutions will likely start factoring these expectations into their pricing sooner than some may think. This involves not just the direct effects of tariffs, but also anticipatory actions—like purchasing beforehand, stockpiling, or altering supply chains—that take place even before any laws are enacted. It’s important to view early summer as a time for expectations to solidify. In previous years, we’ve seen how miners, freight operators, and manufacturers react to even subtle regulatory hints. For derivatives markets, opportunities will arise from monitoring shifts in margins and implied volatility related to commodity-focused companies. For instance, the gap between futures and spot prices in metals ETFs could widen if tariff concerns start affecting overnight rates or dollar-based calculations. Another key issue is how other trading partners will react. In past instances, retaliatory measures have come faster than analysis predicted. For example, Canada and the EU quickly implemented retaliatory tariffs on selected US goods. This isn’t just past history; it sets a precedent. For anyone engaged in synthetic exposure to global trade patterns through FX options or cross-border indices, it’s crucial to keep a close watch. We don’t expect a repeat of the exact events of 2018. However, the familiar structure is there: public letters, economic signals, international meetings, and gradually increasing tariffs. Traders can no longer count on a stable trade backdrop for Q3. Adjustments to models may need to include the upcoming tariffs and shifts in implied risk—and especially for sectors like tech, mining, and industrials. As always, this information should not be taken as direct advice but as context to consider. Data can be volatile, sentiment often shifts quickly, and markets move rapidly once policy changes are anticipated. We have seen this cycle unfold before. Create your live VT Markets account and start trading now.The PBOC plans to set the USD/CNY reference rate at 7.1806, based on Reuters estimates.
The People’s Bank of China (PBOC) is responsible for setting the daily midpoint for the yuan, or renminbi (RMB). It uses a managed floating exchange rate system, allowing the yuan to move within a controlled range based on a central reference rate.
Every morning, the PBOC determines this midpoint against a basket of currencies, mainly the US dollar. Factors influencing this include market supply and demand, economic indicators, and global market changes. The midpoint serves as a guide for daily trading.
Yuan Trading Range
The yuan can fluctuate within a +/- 2% range around the midpoint. This means it can rise or fall by a maximum of 2% in a single trading day. The PBOC may adjust this trading band based on economic conditions and policy goals. If the yuan gets close to the edge of its band or if there’s too much volatility, the PBOC might intervene. This could involve buying or selling yuan to stabilize its value, helping to keep the currency’s market position steady. This article explains how the PBOC manages the yuan’s exchange rate. Essentially, the central bank sets a daily guide price, known as the midpoint. This midpoint directs daily trading and keeps prices within a limited margin. The 2% band protects against sudden market shocks and avoids drastic price changes that could unsettle markets or create imbalance.Setting the Midpoint and Market Implications
Importantly, the midpoint isn’t set randomly. The central bank looks at the previous day’s currency movements, economic signals, and international capital flow changes. Although the system seems automatic, human decisions play a key role. Interventions aren’t common, but the PBOC may act when prices become too volatile. What does this mean for price action? We can expect the yuan’s volatility to stay relatively stable unless economic pressures change the midpoint significantly. When this shift occurs, it can impact nearby currency pairs, especially those sensitive to Asian currencies. As the midpoint changes gradually or suddenly, certain trading setups tied to implied volatility or delta-hedging might become more reactive. Recently, midpoints have been adjusted slightly downward over several sessions. This trend affects spot markets and increases forward pressure, which can be challenging for positions that anticipate changes too far in advance. Offshore one-month implied volatility has tightened, showing the PBOC’s effective communication even with limited transparency. Essentially, we’re working within known limits, and these price bands keep market movements predictable. Lately, investors are paying close attention to any signs of potential easing or tightening. Some experts suggest a greater tolerance for depreciation, while others emphasize the importance of stability. When Liu mentioned the PBOC’s commitment to keeping order in FX markets, it highlighted the connection between forward volatility curves and this positioning. In this situation, it’s wise to reassess gamma exposure, particularly in USD/CNH structures at the extremes of daily movement. Short-term options may start favoring higher protection costs if news begins to lean toward cautious easing, and risk reversal adjustments have already begun. As we enter the second half of the month, it’s essential to look for any patterns in consecutive midpoint fixings. Repetition beyond three sessions often signals positioning alerts. Cross-asset correlations support this: when dollar-onshore trading diverges from offshore futures pricing for a second consecutive day, spreads can tighten, with a quick reversion if liquidity decreases rapidly. It’s crucial to monitor hard data closely. Pay attention not only to published indicators but also to settlement flows, as discrepancies can signal changes before they’re reflected in the official fixing. Additionally, if swap points start steepening while we’re still trading near the edges, it might be a cue to reduce carry exposures, especially for durations affected by monetary actions. Now is not the time to chase yields indiscriminately. The controlled fluctuation band limits opportunities for drastic moves in implieds. Although some spreads may seem appealing, they are attractive because the likelihood of further intervention backs them up – a reminder not to make hasty guesses. Ultimately, directional strategies will continue to be guided by signals from the PBOC. How we interpret these signals and the value we assign to them will influence our positioning in the weeks to come. Create your live VT Markets account and start trading now.The greenback’s strong start faded as investors watched trade tensions from tariffs on Japan and South Korea.
The US Dollar’s early gains faded, ending with little change from the previous day. Trade tensions rose again due to new tariffs imposed by the US on Japan and South Korea.
On Wednesday, the US Dollar Index reached multi-day highs near 98.00, helped by rising US yields. Now, all eyes are on the FOMC Minutes, as well as the MBA Mortgage Applications and the EIA’s crude oil inventory report.
Euro And Pound Movements
The EUR/USD stabilized above 1.1700, with upcoming speeches from ECB’s Lane and De Guindos. The GBP/USD fluctuated, hitting two-week lows before bouncing back around 1.3600, with the BoE’s Financial Stability Report being crucial. USD/JPY rose to multi-week highs near 147.00; Japan is closely watching Machine Tool Orders. The RBA’s hawkish stance helped AUD/USD surpass 0.6500, with important data releases and speeches from RBA officials expected. WTI crude prices climbed to monthly highs near $69.00, driven by strong demand and decreased US production. Gold continued to drop around $3,300 per ounce, affected by trade news, a strong dollar, and rising yields. Silver also fell, staying below $37.00 per ounce. After an initial surge, the US Dollar lost momentum, finishing the session nearly unchanged. The earlier strength—backed by higher yields—began to wane. New trade tensions emerged with fresh tariffs from the US aimed at Japan and South Korea. These events are part of a broader shift towards protectionism, which can affect global risk sentiment. Although the Dollar Index peaked close to 98.00, it struggled to go higher, showing that markets may be cautious ahead of upcoming policy updates. Now, attention turns to the Federal Reserve. The release of the minutes from their last meeting will shed light on their thoughts. Are more rate hikes likely, or has the outlook changed? In any case, short-term rate expectations are under scrutiny. Additionally, new mortgage data and domestic crude inventory figures will reveal how rising borrowing costs and energy trends are impacting the economy.Market Impacts On Commodities
The euro remained steady, holding just above 1.1700. Upcoming speeches by Lane and De Guindos will be significant; their tone may indicate whether Frankfurt will maintain its current policy or consider further tightening. Recent euro weakness seems more influenced by external events than by eurozone data. In contrast, the pound faced some pressure, briefly hitting two-week lows before recovering. The pound’s near-term direction may depend on the Bank of England’s latest risk assessment. Depending on how systemic threats are viewed, rate expectations could change. Bailey’s challenge remains managing high inflation while ensuring financial stability. The USD/JPY pair continues to rise, nearing 147.00. This strength is partly due to differing policy outlooks, but there’s also concern about domestic activity in Japan. Machine Tool Orders, often overlooked, can provide critical insights into industrial momentum that could influence policy decisions in Tokyo. The Australian dollar was boosted by a more assertive tone from policymakers. The RBA’s recent comments pointed towards tighter policy, pushing the AUD above 0.6500. Upcoming speeches and additional data will help traders gauge whether market expectations are overly optimistic or cautious. Oil prices continued to rise, hitting one-month highs, thanks to strong demand and limited supply. Improving summer travel trends and refinery activity have also supported prices. US domestic production has declined slightly, adding further support to crude prices. Gold prices fell further, approaching the $3,300 mark. It is under pressure from a strong dollar, rising yields, and renewed trade tensions that raise growth concerns without increasing demand for safe-haven assets. Silver also struggled, remaining below $37.00 amid competition from interest-bearing investments. For those trading derivatives, caution is advised. Monitor interest rate differences and stay alert for central bank policy hints. As implied volatility rises, it’s smart to reassess delta and gamma exposure. These moments reward precision. Understanding how macro factors relate to short-term contracts can provide insight into momentum shifts, especially when short-term carry costs rise. This week, price movements have become more reactive to data, rather than following set patterns. Create your live VT Markets account and start trading now.Dividend Adjustment Notice – Jul 09 ,2025
Dear Client,
Please note that the dividends of the following products will be adjusted accordingly. Index dividends will be executed separately through a balance statement directly to your trading account, and the comment will be in the following format “Div & Product Name & Net Volume”.
Please refer to the table below for more details:
The above data is for reference only, please refer to the MT4/MT5 software for specific data.
If you’d like more information, please don’t hesitate to contact [email protected].
Nissan pauses production of three vehicle models for Canada at US plants due to tariffs
Nissan has stopped making three vehicle models for Canada due to tariffs between the U.S. and Canada. This halt, beginning in May, affects the Pathfinder and Murano SUVs from Tennessee and the Frontier pickup trucks from Mississippi.
These tariffs prompted this decision, impacting vehicle supply between the two countries. Nikkei reported the production pause on a Wednesday.
This move directly addresses ongoing issues with automotive trade duties, which have created steady pressure on cross-border supply agreements. By suspending output for vehicles destined for Canada, Nissan is adjusting its logistics in response to these external costs. The Tennessee and Mississippi plants, which were exporting these vehicles to Canada, will now adjust their production based on demand in other areas not affected by the tariffs.
As a result, there will be supply disruptions related to both quantity and timing for units previously sent to Canada. These disruptions are part of a larger context where manufacturing schedules are influenced by changes in trade policy. The effects extend beyond just inventory adjustments; transportation contracts, warehouse availability, and after-market service parts for these models could also see delays or issues.
This situation is not just about exports being impacted. It reveals concerns about pricing and the need for stable policies across borders, especially when major manufacturers adjust their forecasts for the upcoming quarters. Once the markets reopen, trading volumes around automakers may change in response to updated delivery forecasts and earnings guidance linked to changes in production.
Currently, it’s crucial to closely monitor price movements in companies involved in cross-border auto trade. Order flow may show shifts, especially in contracts that expire soon after key production reports. Traders might prefer shorter-term wagers in derivatives, as weekly updates can quickly shift market sentiment. If we see reversal patterns near standard support levels, especially after news related to trade or production planning, we might adjust certain leveraged strategies.
By examining how tariff news impacts actual production changes, rather than just political talk, we can better understand how policies affect manufacturing. This proactive response provides clearer signals for adjusting risk on short-term instruments tied to sectors like industrials and transport.
In this situation, hedging strategies might need tighter limits. Spreads based on smooth forecasts for allocation are being reassessed. Keep an eye out for uneven volume and narrowing implied volatility ranges during key reporting periods. Traders focused on gamma or delta-neutral positions should be ready to adapt to quicker price changes related to news.
Due to the noticeable drop in vehicle availability for these specific models in Canadian dealerships, secondary effects like markdown incentives or delays in new models could become significant for long-term contracts. Be prepared to adjust your positioning accordingly.
In May, consumer credit in the United States changed by $5.1 billion, falling short of the expected $11 billion.
In May, consumer credit growth in the United States was lower than expected, rising by only $5.1 billion instead of the predicted $11 billion. This indicates a shift in how consumers are handling their borrowing.
The EUR/USD pair fell, dropping to 1.1700 due to tariff threats from the US President, which affected market stability. The GBP/USD pair also struggled to stabilize around 1.3600 because of ongoing uncertainties about trade policies.
Gold prices dropped below $3,300, driven by a stronger US dollar and reduced chances of a Federal Reserve rate cut in July. Concerns about tariffs have created a cautious atmosphere in the market, impacting gold dynamics.
Ethereum Security Enhancement
Vitalik Buterin, co-founder of Ethereum, has proposed a change to increase the blockchain’s security by capping transactions at 16.77 million gas. This aims to lower the risk of attacks, specifically Denial of Service (DoS) attacks. New US tariffs mainly target Asian countries, with higher rates, except for nations like Singapore, India, and the Philippines, which could benefit from favorable negotiations. It’s crucial to notice the changing landscape. The slower growth in US consumer credit shows that households are being more careful with their debt. Instead of borrowing more despite high prices, consumers are tightening their spending. This trend might slow down consumer-driven growth, which could lower inflationary pressures and impact expectations regarding interest rates, although the market seems cautious about overreacting right now.Currency and Trade Dynamics
Traders dealing in currencies should pay attention. The EUR/USD pair’s drop to 1.1700 is not just a technical move. It’s driven by political tensions, especially the tariff rhetoric from the US President. In this case, currency movement is influenced more by policies than by interest rates. The GBP/USD response around 1.3600 mirrors this situation; while the fundamentals remain intact, uncertainties surrounding trade strategies keep sentiment low. These shifts may not be dramatic, but they are strong enough to influence short-term trends. Looking at gold again, its dip below $3,300 is significant. The stronger dollar, helped by lower odds of a July rate cut, has impacted its price. We are seeing a shift in precious metals as rate expectations become more cautious. However, the re-emergence of tariff concerns deserves attention. Investment behavior is divided—some prefer cash, while others seek higher returns, leading to mixed reactions among traditionally safe assets. In the digital arena, Buterin’s plan to limit Ethereum’s transaction volume by setting a gas cap shows ongoing efforts to prevent network congestion and attacks. This 16.77 million gas limit aims to strengthen Ethereum’s core functions. For those following updates in technology, this shift signals a new focus on stability over sheer transaction speed. It may also affect usage costs and developer activity moving forward. US trade measures have not impacted countries equally. Most Asian economies face new barriers, while some, like Singapore, India, and the Philippines, enjoy slight advantages pending negotiations. This suggests that trade tensions aren’t just background noise; they are actively influencing capital movement and sourcing strategies. Their effects on pricing and risk management should not be ignored. Simplifying this period as unclear is a mistake. The signs indicate key changes in multiple markets. With rising consumer uncertainty in the US, combined with tariffs and tech updates, many assets are now priced differently than just by expected returns. Create your live VT Markets account and start trading now.Bessent estimates U.S. tariff revenue could reach $300 billion this year due to trade measures.
The U.S. Treasury Secretary has announced that the U.S. has generated about $100 billion from tariffs this year. This amount could climb to $300 billion by 2025 as new trade policies take effect.
In May, customs revenue hit $22.8 billion, which is nearly four times higher than the same month last year. During the first eight months of fiscal year 2025, tariff collections reached $86.1 billion, with $63.4 billion collected over five months.
