This headline had to kah-kah-kah-KILL CNBC.
Oh, you know it did.
Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit
Sit back for a minute and let that sink in.
Before we get to the nitty gritty numbers stuff.
SCHWEET
Receipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in.
Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday.
That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in 2024. Trump instituted 10% across-the-board tariffs on U.S. imports starting April 2, which came on top of other select duties he had leveled previously.
While the U.S. is still…
