U.S.

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Cape May - U.S. Customs duty collections skyrocketed more than 60% in April, marking the highest monthly revenue from tariffs and excise taxes in American history with the federal government collected at least $15.4 billion in duties. This means that these taxes will be passed to consumers in the coming month(s) in hirer prices - or inflation.

Print Publication Date: 
5/07/2025
Topic: