The U.S. has now collected more than $100 billion in customs revenue since President Trump took office, Axios has learned.
Why it matters: The vast majority of that is from tariffs, as Trump’s trade policy begins to generate substantial income for the government.
Driving the news: Total customs revenue from actions taken since Jan. 20 — including tariffs, taxes and fees — hit $106.1 billion as of last Friday, according to Customs and Border Protection documents seen by Axios.
Most of that, $81.5 billion in total, is from tariffs imposed since Jan. 20.
Zoom out: The revenue from Trump’s sweeping global levies is substantially higher than in past years.
For the current fiscal year through the end of May, collections are about 65% higher than the same period the year prior, per Treasury data.
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Author: Dillon B
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