Trump’s Tariff Revenue Reaches $500 Million, Below Trump’s Claims
US Customs and Border Protection has collected approximately $500 million from President Donald Trump’s latest tariffs, far short of the $2 billion daily revenue the president has repeatedly claimed, CBP said.
“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 agency said in a statement to CNBC.
The agency reported that its “$250 million daily revenue stream remained uninterrupted” even during a technical glitch that prevented importers from claiming exemptions for goods already in transit.
Recent Treasury Department data shows daily deposits for “Customs and Certain Excise Taxes” at just $305 million, according to figures released Monday.
The revenue discrepancy comes as California filed a lawsuit challenging Trump’s authority to impose the duties. Governor Gavin Newsom and Attorney General Rob Bonta argue the president’s use of the International Emergency Economic Powers Act for tariffs exceeds statutory authorization, marking the first state legal challenge to the trade actions.
The Trump administration initially imposed steep tariffs on numerous countries in early April before quickly reducing most to a universal 10% rate, while maintaining higher duties on Chinese imports.
Freight industry reports indicate Chinese shipping companies have already begun experiencing cancellations as a result of the escalating trade tensions.
California’s lawsuit contends the tariffs could shrink the US economy by $100 billion annually and cost the average American household $2,100. The state, which produces 76% of the world’s almonds and 80% of American wine, faces particular exposure to retaliatory measures already announced by several US trading partners.
The White House defended the tariffs, with spokesman Kush Desai stating the administration “remains committed to addressing this national emergency that’s decimating America’s industries.”
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