U.S. Customs Reports Over $21 Billion in Tariff Revenue Amid Financial System Outage

COINOTAG News reported on April 17th that the U.S. Customs and Border Protection (CBP) has disclosed significant updates regarding the impact of new reciprocal tariffs. As of April 5th, CBP has successfully amassed over $500 million in additional tariffs, contributing to a staggering total of more than $21 billion generated from the 15 trade initiatives enacted since January 20, 2025. This announcement follows a notable 10-hour interruption in the financial systems that temporarily hindered U.S. importers from processing tariff exemptions for goods already in transit.

Despite this disruption, CBP’s operational efficiency was evident, as the agency’s average daily collection rate of $250 million remained steady. While former President Trump has claimed that the U.S. secures approximately $2 billion in tariff revenue daily, recent Treasury reports indicate that actual daily deposits attributed to Customs and Border Protection were closer to $305 million. All tariff collections are managed by the U.S. Customs at designated ports of entry, underscoring the critical role of this agency in the broader economic framework.