From CNBC: 2025-04-16 14:03:00

U.S. Customs and Border Protection refutes Trump’s claim of $2 billion daily tariff revenue, stating $500 million collected since April 5 and $21 billion total from 15 trade actions implemented since Jan 20, 2025. A recent system glitch prevented importers from exempting freight from higher duties, but CBP’s $250 million/day revenue stream continued uninterrupted.

Treasury Department data shows daily deposits of $305 million under “Customs and Certain Excise Taxes,” contradicting Trump’s claim. Trump administration imposed steep tariffs in early April, then lowered most rates to 10% but increased tariffs on China. Sector-specific tariffs on automotive industry remain, with new policies expected for pharmaceutical industry.



Read more at CNBC: Tariffs have generated $500 million since April 5