President Trump’s tariffs have introduced in $250 million a day since he took workplace — a fraction of the each day $3 billion that he bragged his sweeping levies have generated.
The huge contradiction comes from figures offered by the Customs and Border Safety — the company charged with gathering all tariffs, together with the controversial “reciprocal” levies, on the level of entry.
“Since April 5, CBP has collected over $500 million under the new reciprocal tariffs, contributing to more than $21 billion in total tariff revenue from 15 presidential trade actions implemented since Jan 20, 2025,” the company mentioned.
Counting separate duties imposed on aluminum and metal imports, and overseas autos, that quantities to $250 million for every of the 84 days — by means of Monday when CBP issued its up to date report — since Trump returned to the White Home.
Trump has repeatedly claimed he’s filling US coffers with $3 billion per day from tariffs, together with revenues immediately ensuing from his so-called “reciprocal” tariffs.
He introduced 10% across-the-board tariffs on most nations and stiffer reciprocal taxes on key buying and selling companions throughout his “Liberation Day” occasion on the White Home on April 2. The ten% tariffs went into impact April 5.
He paused the reciprocal tariffs on all international locations on April 9 — aside from China, which was slapped with a 145% responsibility after Beijing retaliated with a 125% on US items.
The Treasury Division additionally offered figures that fell wanting the president’s estimate.
In keeping with its each day assertion of complete deposits, the division recorded $250 million below “Customs and Certain Excise Taxes” on Tuesday, after netting $305 million yesterday.
The discrepancy between what Trump has claimed has been introduced in and what the underside line exhibits might be due, largely, to a lower in imports.
US import bookings on huge container ships dropped 64% from March 24-31 to April 1-8, in response to container-tracking software program supplier Vizion.
Many firms rushed to stockpile items within the weeks forward of the tariffs. Now, some could also be delaying orders whereas they expend that stock and await readability from Trump’s 90-day pause on the stiff reciprocal tariffs.
Small enterprise homeowners have mentioned they’re pushing off orders for overseas items as a result of they will’t afford the hefty expenses.
Amazon has canceled some orders from China for summer season season objects, whereas toymakers are laying aside their Christmas imports.
