President Trump’s tariffs have added a record haul for US coffers since he rolled out the controversial “Liberation Day” policy on April 2 — but the added revenue still fell well short of the administration’s rosy projections.
Customs duties generated for the second quarter — spanning April to June — hit $64 billion, surpassing the total raised during the same period last year by nearly $47 billion, according to US Treasury data released on Friday.
The $64 billion tariff windfall in the second quarter amounts to roughly $70 million a day for the three-month period.
A protester in Seoul, South Korea, is seen wearing a Donald Trump mask and holding US dollar bills. AFP via Getty Images
Trump had bragged that the levies were bringing in “$3 billion a day” during a meeting with the president of El Salvador at the White House shortly after launching the global