NEW: Media’s Anti-Trump Talking Points Decimated As Tariff Revenue Skyrockets

President Donald Trump’s ongoing tariffs war is producing record revenue, the White House announced Monday, as officials sought to undercut a mainstream media narrative that consumers will soon face higher prices on most goods.

Since his “Liberation Day” launch of initial tariffs on April 2, President Trump has urged Americans to remain patient as higher rates on dozens of countries bring their leaders back to the negotiating table, some for the first time in decades. He has highlighted recent deals with countries like Vietnam, Cambodia, Japan, and the U.K., all of which agreed to eliminate or sharply reduce tariffs on American imports in exchange for less onerous rates on their own imports to the U.S.

But for the unlucky dozens of countries without deals, those surcharges are resulting in record international revenue for the U.S., according to a chart shared by Trump’s rapid response X account.

July totals recorded $29.6 billion in tariff revenue, by far the highest monthly return since the COVID-19 pandemic, and perhaps much earlier. Indeed, the four prior months all show sharp upticks in the number of international dollars flowing to the U.S. government as overseas sellers pay top dollar to ship their goods to American consumers.

Two months after “Liberation Day,” monthly income from international tariffs surpassed $20 billion for the first time, a far cry from the $10 billion or below that mostly occurred uninterrupted under the Biden administration.

But a muted reaction from the White House press corps last week shows how many hurdles are being thrown up as Trump struggles to keep consumer and business confidence high six months into his second administration.

During a press conference on Friday, the president chided a reporter who challenged him to explain why, if tariffs are so lucrative, he hadn’t implemented them during his first term.

“In my first term, I was fighting lunatics like you who were trying to do things incorrectly and inappropriately to a president that was duly elected,” Trump responded to his critic while pointing to “hundreds of billions of dollars” taken in from tariffs on China between 2017 and 2021.

“If you look at my first term, we took in hundreds of billions of dollars in tariffs, but you people didn’t cover it very well.”

Council of Economic Advisors Chairman Stephen Miran told CNBC he expects even more revenue from tariffs than previously predicted as Trump seeks to realign the global order back in America’s favor.

“A month ago, we expected $3 trillion in revenues [from tariff collections] over a decade,” he said. “My team is still crunching the numbers as we have more tariff rates … I wouldn’t be surprised if it ended up being much closer to $4 trillion than $3 trillion.”