by Worthy News Washington D.C. Bureau Staff
(Worthy News) – U.S. customs revenue has surged past $100 billion since President Donald Trump returned to the White House, signaling a major windfall from his aggressive trade strategy, according to internal Customs and Border Protection (CBP) documents obtained by Axios.
As of Friday, total customs revenue collected since January 20 stood at $106.1 billion, with $85.1 billion — more than two-thirds — generated from tariffs imposed on foreign imports. The sharp increase in collections reflects a 65% jump over the same period last year, based on Treasury data through the end of May.
Trump’s administration, including Treasury Secretary Scott Bessent and trade adviser Peter Navarro, had previously projected that tariffs could yield up to $300 billion in revenue — a target that now seems increasingly attainable.
“This is what fair and reciprocal trade looks like,” President Trump told reporters Thursday before departing for Iowa. “If countries want access to our markets, they’re going to pay their fair share. That money is coming back to the American taxpayer.”
The Yale Budget Lab notes that Americans are currently experiencing an average effective tariff rate of 15.8% — the highest since 1936. After adjusting for shifts in consumer behavior, the rate is expected to remain at a historically high 14.7%, not seen since 1938.
Despite earlier fears that the tariffs would spark a recession, some economists are rethinking their forecasts. Apollo Global Management’s chief economist, Torsten Slok, admitted that the tariffs may have been more “strategic” than previously assumed.
“Trade partners will be happy with only 10% tariffs, and U.S. tax revenue will go up,” Slok wrote in a recent note. “Maybe the administration has outsmarted all of us.”
As the 90-day pause on most tariffs nears its expiration next week, President Trump revealed a new plan to send formal letters to countries that have yet to finalize trade deals with the U.S. Each letter will outline the specific tariff they will face unless a deal is reached.
“You can’t make 170 deals,” the president said. “I’d rather send a letter saying: ‘Here’s what you pay to do business with us.’ It’s simple, effective, and it puts America first.”
The tariff pause, enacted in April, was intended to give other nations a window to strike bilateral trade agreements. With several deals reportedly close to completion, Trump said his administration will begin dispatching about 10 tariff letters per day starting immediately.
“I think the tariffs will be well received,” he added. “We’re making trade fair — finally.”
Copyright 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
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