Trump's April tariff revenue topped $17 billion. That dwarfs any haul from his first term.
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antithesis
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Posted 12:47 am, 05/07/2025
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From the same article...
The data is significant but could be slightly overstated, with the Treasury Department reporting both customs duties and certain excise taxes from the Department of Homeland Security (DHS) as a single category. Excise taxes are different from customs duties, and more precise data is expected in the coming months, but the amount of those taxes collected by DHS historically is small. Also from the article...
But also complicating the tariff revenue picture going forward are immediate signs of a drop in shipping volume in response to the duties. The Port of Los Angeles, as one example, is now projecting a drop in cargo volume of more than a third starting next week. And also from the article...
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DB Cooper
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Posted 6:28 pm, 05/06/2025
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Food Lion has ribeye steaks for 8.99 starting tomorrow. Cheapest I've seen a quite a while. Trump is getting things straightened out. Hope China is liking that Aussie beef!
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DB Cooper
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Posted 4:19 pm, 05/06/2025
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Would anti and pooch stroke out if Trump eliminated their income tax? 
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DB Cooper
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Posted 4:15 pm, 05/06/2025
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President Trump's tariffs became very real for importers last month as the government collected more than $17.4 billion in "Customs and Certain Excise Taxes" during April. That was nearly double March's haul of $9.6 billion, dwarfing the smaller spikes in revenue seen during Trump's first term. All told, the duties have deposited more than $70 billion into government coffers since Jan. 1. "As Billions of Dollars pour in from Tariffs ... we're only in a TRANSITION STAGE, just getting started!!!" Trump said on Truth Social Friday.
It all has led Trump to toy with the idea that revenue would allow the elimination of income taxes entirely. But while April's surge in revenues is significant, it still represents barely a drop in America's fiscal bucket. -Yahoo
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