US EditionUS Treasury Hits Record $15 Billion In Customs And Excise Tax Haul Amid Trump's Trade Policies
- U.S. Customs duty collections rose over 60% in April, reaching a record of $15.4 billion, according to Treasury Department data reviewed by Bloomberg.
- This increase in customs duties is linked to President Donald Trump's implemented tariffs, including a 25% tariff on steel and a 10% universal tariff announced on April 2.
- Mark Zandi, chief economist at Moody's, suggested that tariff revenue could reach $100 billion to $200 billion if the trend continues, as reported by CNBC.
15 Articles
15 Articles
$15 Billion and Climbing: Trump’s Tariffs Deliver Record High Revenue
by Floyd Buford U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars in American history. According to newly released Treasury Department data reviewed by Bloomberg, at least $15.4 billion in customs duties and related excise taxes flowed into federal coffers last month, $6 billion more than the month before. This spike in revenue coincides with the first wave of President Do…
$15 Billion and Climbing: Trump's Tariffs Deliver Record High Revenue
U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars in American history. According to newly released Treasury Department data reviewed by Bloomberg, at least $15.4 billion in customs duties and related excise taxes flowed into federal coffers last month, $6 billion more than the month before. This spike in revenue coincides with the first wave of President Donald Trump’s newly…
Trump’s Tariffs Deliver Record High Revenue
by Floyd Buford at CDN - U.S. Customs duty collections soared more than 60% in April, marking the highest monthly revenue haul in terms of dollars in American history. According to newly released Treasury Department data reviewed by Bloomberg, at least $15.4 billion in customs duties and related excise taxes flowed into federal coffers last month, $6 billion more than the … Click to read the rest HERE-> Trump’s Tariffs Deliver Record High Revenu…
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