CBP says latest tariffs have generated $500 million, well below Trump’s estimate
- U.S. Customs and Border Protection reported $500 million in tariffs since April 5, contradicting President Donald Trump's claim of $2 billion a day in revenue from tariffs.
- Trump announced a 90-day pause on new tariffs after implementing blanket tariffs on nearly every country on April 2.
- Federal Reserve Chair Jerome Powell stated that Trump's tariffs could lead to high inflation and slow economic growth.
- A Morning Consult poll indicates Trump's approval rating has dropped to 45%, and more Americans trust Democrats to handle the economy than Republicans for the first time since 2021.
27 Articles
27 Articles
CBP's Latest Tariff Figures Reveal $500 Million In Collections, Dwarfing Trump's $2 Billion Daily Estimate
U.S. Customs and Border Protection (CBP) has reported tariff revenue of just over $500 million after the implementation of President Donald Trump's latest trade measures. This is far below the $2 billion per day figure Trump has often cited while presenting his case for his tariff policies. The updated numbers come as China's total tariffs include a 125% reciprocal duty, an additional 20% connected with the fentanyl crisis, and targeted levies r…
The United States has collected $21 billion in tariffs since President Donald Trump was inaugurated on January 20, the U.S. Customs and Border Protection (CBP) said Wednesday, according to CNBC. Trump has consistently claimed that his tariffs generate $2 billion a day for the United States.
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