As President Donald Trump’s trade policies take effect, record tariff revenues have begun flowing into U.S. government coffers.
According to the April 24 Daily Treasury Statement, revenues from “customs and certain excise taxes” reached an all-time high of $15.9 billion in April, up 105 percent from a year ago.
Most of the increase occurred on April 22, when $11.69 billion was collected.
Last month, Customs and Border Protection (CBP) stated that the agency instituted 13 tariff-related presidential actions and collected more than $200 million in related revenues.
“CBP is working closely with other government agencies to implement ‘Liberation Day’ announcements and will continue to provide detailed guidance to promote compliance and uniform enforcement across the nation,” the CBP said in a statement.
“Serving on America’s frontline, CBP strictly enforces all laws and Presidential directives to secure our economic sovereignty and is fully equipped and ready to collect duties owed for goods subject to tariff and small packages.”
According to the Tax Foundation, Trump’s tariffs are expected to raise more than $2.1 trillion in revenue over 10 years.
The Tax Policy Center estimates tariffs on imported goods would garner approximately $3.3 trillion through 2035.
Yale’s Budget Lab projects that all tariff announcements to date would raise about $3.1 trillion over the period 2026–2035, “including the effect of retaliation to date.”
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