WSJ: Tariff revenue spiked to a record $7 billion in September

Why now: The revenue increase can be attributed to a 15% levy on about $110 billion worth of Chinese imports that took affect on Sept. 1.

• More than $5 billion of the total collected last month came from tariffs collected on imports from China, while tariffs assessed to the rest of the world reaped another $2 billion, the WSJ notes.

By the numbers: In a 12-month period ending in September, the U.S. accrued more than $70 billion in tariffs, almost double what was collected before the trade war, according to the WSJ.

• But trade-related expenses have also increased, including roughly $28 billion in farm aid in 2019.

What they're saying: Dan Anthony, vice president of the Trade Partnership, told the WSJ, “This is very much the low-end estimate of costs, because there’s also costs associated with shifting suppliers, shifting to higher-cost sources, that aren’t going to show up in the data."

Go deeper:

• Trump's puzzling tariff exclusion process
• China trade war could give foreign farmers long-term edge over U.S.
• It may be time to get bullish about the U.S-China trade war