New Delhi, Aug. 7 -- A jubilant President Donald Trump declared on Thursday that tariffs are "flowing into the USA at levels not thought even possible," as his sweeping import duties on 90 countries came into force.

The post, made on social media platform Truth Social, marked a bold moment in President Trump's trade crusade, with new figures showing that US tariff revenue has surged to record highs.

But while the White House boasts about the billions pouring in, key questions remain: Where is this money actually going? And what impact will it have on the American economy?

According to the latest figures from the US Treasury Department, the government collected nearly $30 billion in tariffs in July 2025 alone, representing a 242% increa...