U.S. Customs Reports Significant Tariff Revenue Amid System Glitch

According to BlockBeats, the U.S. Customs and Border Protection (CBP) has collected over $500 million in reciprocal tariffs since April 5, contributing to a total tariff revenue exceeding $21 billion from 15 presidential trade actions implemented since January 20, 2025. This announcement followed a 10-hour financial system malfunction, during which U.S. importers were unable to input a code that could exempt goods already in transit from higher tariffs. Despite the brief system outage, CBP maintained an average daily revenue stream of $250 million. U.S. President Donald Trump has frequently stated that the U.S. earns $2 billion daily through tariffs. However, the latest figures released by the Treasury Department on Monday indicate that daily deposits under 'Customs and Specific Excise Taxes' amounted to only $305 million. All tariffs are collected by U.S. Customs at entry ports.