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Brinks Report > Blog > Economy > US Importers Hit with Record $16.5 Billion Tariff Bill in April
Economy

US Importers Hit with Record $16.5 Billion Tariff Bill in April

Dolon Mondal
Last updated: May 24, 2025 2:58 pm
Dolon Mondal
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US importers paid a record $16.5 billion in customs duties for goods received in April, according to Treasury Department data released on Friday. This marks the first full month reflecting President Donald Trump’s new universal tariffs.

About two-thirds of US importers pay their customs duties in a single monthly payment, usually the month after their goods arrive at US ports. For April shipments, the deadline to pay was Wednesday. This lump-sum payment explains why the revenue shows a sharp spike now.

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Trump’s tariffs are a mixed bag. The new charges include a 10% baseline tariff on most goods, 25% on steel and aluminum, and 25% on automobiles.

For China, the rate has been all over the place—starting near 20% when Trump took office, spiking to 145%, and now sitting at about 51%. These tariffs have pushed importers to cough up more cash, helping boost government revenue but also stirring economic debate.

Also Read Tariffs Won’t Stop iPhones—India Says Apple Will Choose Sense Over Noise

If tariffs continue at the current pace, Treasury data suggest Trump’s goal of $2 billion in daily tariff revenue may fall short. This matters because the tariff income is meant to help offset the cost of massive tax cuts passed recently by the House.

Meanwhile, Trump keeps shifting the tariff battlefield. On Friday, he threatened new tariffs: 50% on goods from the European Union and 25% on smartphones by Apple and Samsung—if those companies don’t move production to the US. Talk about keeping everyone on their toes.

Also worth noting: The Treasury numbers include some excise taxes collected by the Department of Homeland Security, so not all revenue comes from tariffs alone.

So, while the headline is “record $16.5 billion,” the story behind it is more than just numbers. It’s about trade tensions, political chess moves, and real impacts on businesses and consumers.

For those who want to dive deeper, the Treasury’s official data and analysis are available here for transparency and facts.

Also Read Trump’s Game-Changer: Nippon Steel Set to Revive US Steel Industry with $14.1B Deal

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