Overview

• President Trump has repeatedly claimed that tariffs are generating $2 billion in daily revenue, but official data disputes this.
• U.S. Customs and Border Protection (CBP) reports collecting $500 million in tariffs since April 5, averaging $250 million per day.
• The Treasury Department's figures also show daily tariff-related deposits averaging $305 million, further undercutting Trump's claims.
• A 10-hour CBP system glitch briefly disrupted coding for exemptions but did not impact the agency's average revenue collection rate.
• The administration's tariff strategy includes a 90-day grace period (excluding China) and sector-specific auto tariffs, with new pharmaceutical trade policies expected soon.