Breaking news

The U.S. Collected Over $500 Million Daily From Tariffs In April

The United States reported a significant budget surplus of $258 billion in April, marking a 23% increase from the previous year. This rise is attributed to higher tax revenues and an upsurge in tariff collections, as Reuters reported.

Key Facts

  • The U.S. collected over $500 million daily from tariffs in April, showing a significant increase in revenue.
  • Net tariffs totaled $16 billion in April, up by $9 billion from the previous year.
  • For the first seven months of the fiscal year, net tariffs amounted to $63 billion, compared to $48 billion last year.
  • This surge followed President Trump’s tariff hike on Chinese goods to 145% and additional taxes on other imports.

What to Watch

These new revenues might see a decline. The U.S. and China reached a temporary agreement over the weekend to ease imposed tariffs. The U.S. has lowered tariffs on Chinese goods from 145% to 30% for the upcoming 90 days, while China will reduce its tariffs on American goods from 125% to 10%.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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