Trump Is Very Wrong About How Much the US Is Collecting From Tariffs - Business Insider

Trump's Tariff Claims Debunked

President Trump's assertion that the US collects $2 billion daily in tariff revenue is significantly inflated, according to official data. US Customs and Border Protection (CBP) reports collecting only $500 million in reciprocal tariffs since April 5th, a far cry from Trump's claim.

Official Data vs. Trump's Claims

• CBP Data: $500 million collected since April 5th in reciprocal tariffs, and approximately $250 million per day on average since January 20th.
• Treasury Department Data: Daily average of $227 million in Customs and Excise Taxes since April 5th; $2.3 billion month-to-date and $55.5 billion year-to-date (fiscal year).

These figures starkly contrast Trump's repeated statements of $2 billion in daily tariff revenue. The discrepancy highlights a significant gap between Trump's public pronouncements and the actual financial impact of his tariff policies.

Trump's Tariff Policy

Trump's tariff policy, initially including a 10% tariff on nearly all countries with higher tariffs on specific nations, faced market backlash and was subsequently paused for 90 days for most countries (excluding China).