00:00It's Benzinga bringing Wall Street to Main Street.
00:02The U.S. government reported a narrower deficit in January as tariff collections surged,
00:07highlighting the impact of a pending Supreme Court decision, according to CNBC.
00:12Customs duties totaled $30 billion for the month and $124 billion for the fiscal year to date,
00:19up 304% from the same period in 2025. Trump imposed the tariffs in April 2025,
00:26with an across-the-board rate and reciprocal duties on individual countries.
00:31The Supreme Court heard arguments in November challenging the tariffs and has not yet ruled.
00:36A negative decision could require reimbursing collected duties.
00:39The January deficit totaled about $95 billion, down 26% from a year ago.
00:46Year-to-date deficit reached $697 billion, down 17%.
00:50For all things money, visit Benzinga.com.
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