CBP reports $500M, contradicting Trump's $2B tariff claim - Breaking The News
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CBP reports $500M, contradicting Trump's $2B tariff claim

EPA-EFE/DAVID MAUNG

The United States Customs and Border Protection (CBP) provided updated figures that challenge President Donald Trump's claim of nearly $2 billion in daily tariff revenue. According to a statement shared with CNBC on Wednesday, CBP confirmed that “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.”

This follows a recent system glitch that briefly disrupted the exemption process for certain imports. Despite the technical issue, CBP's revenue stream continued at an average of $250 million per day. Also, data from the Treasury Department, released Monday, reported a daily collection of $305 million under "Customs and Certain Excise Taxes," revealing a significant gap between the actual revenue and Trump's assertions.

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