U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by his latest slate of tariffs.
The agency said in a statement to CNBC on Monday, “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.”
The update comes after a 10-hour glitch in the finance system prevented U.S. importers from inputting a code that would have exempted freight that was already on the water from being subject to the higher duties.