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 implemented tariffs taking effect. Those include a renewed 25% tariff on steel and the “universal” 10% tariff Trump announced on April 2.
$15 Billion and Climbing: Trump’s Tariffs Deliver Record High Revenue
