US customs and border security seem to contradict President Donald Trump’s comments on the daily income generated by his latest tariffs.
The agency said in a statement to CNBC on Monday: “Since April 5th, CBP has raised more than $500 million under the new mutual tariffs, contributing to more than $21 billion in tariff revenue from 15 presidential trade measures implemented since January 20th, 2025.”
The update comes after a 10-hour defect in the financial system prevented US importers from exempt codes from exempt from already on-water freight.
“Even during the short glitch, CBP’s revenue stream averaged $250 million remained uninterrupted,” CBP said in a statement.
Trump has repeatedly said that the US receives $2 billion a day from tariffs, including revenues directly from his so-called “mutual” tariffs.
The latest data released Monday by the Treasury Department shows the daily statement of total deposits listed in “Customs and Certain Excise Taxes” at $305 million. All customs duties are collected by US customs upon entry.
In early April, the Trump administration imposed sudden tariffs on dozens of countries. A few hours later, most tariffs were temporarily reduced to 10%, but with the exception of tariffs in China, it ratcheted. Meanwhile, the administration will maintain sector-specific tariffs in the automotive industry and announce new trade policies for the pharmaceutical industry.