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US Tariff Revenue Hits Record $15 Billion in April Amid New Trade Policies
US Tariff Revenue Hits Record $15 Billion in April Amid New Trade Policies
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US tariff revenue surged 60% to a record $15 billion in April as new trade policies took effect. The spike follows President Donald Trump’s imposition of fresh tariffs, including a 10% baseline levy on most imports and a 25% duty on steel and aluminum. China faced hikes as steep as 100%.
Treasury data shows customs collections climbing sharply, with the full impact of April’s universal tariffs yet to be reflected. May figures are expected to rise further as additional measures phase in.
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