U.S. Customs and Border Protection has contradicted President Donald Trump’s claims regarding the revenue generated by his tariffs. The agency stated that since April 5, they have collected over $500 million under the new reciprocal tariffs, contributing to a total of over $21 billion in tariff revenue from 15 trade actions implemented since January 20, 2025. This statement came after a 10-hour glitch in the finance system prevented importers from exempting freight already on the water from higher duties. Despite the glitch, the average $250 million/day revenue stream remained unaffected.
Trump has claimed that the U.S. is making $2 billion per day from tariffs, but the most recent data from the Treasury Department shows daily total deposits from customs and excise taxes at $305 million. Tariffs are collected by U.S. Customs at the point of entry.
In early April, the Trump administration imposed steep tariffs on multiple countries, later lowering most rates to 10%, except for China. The administration also maintained sector-specific tariffs on the automotive industry and is expected to announce new trade policies for the pharmaceutical industry. Overall, the revenue generated from tariffs appears to be less than what Trump has claimed.
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