Trump’s Tariff Numbers Don’t Add Up

CBP Data Clashes with President’s Bold Revenue Statement

Despite President Donald Trump’s recent declaration that tariffs are bringing in $2 billion per day, U.S. Customs and Border Protection reports the actual figure is just over $500 million since the new tariffs began on April 5.

Trump invoked the International Emergency Economic Powers Act to launch a 10% tariff on all imports, with higher rates targeting China and select nations. However, official numbers tell a very different story.

Experts from the Federal Reserve and leading economic institutions warn that the new tariffs may lead to rising inflation and a cooldown in economic activity. While these effects could spill over into the crypto space, Bitcoin and Ethereum have remained relatively stable, with only minor price shifts noted.

Market watchers say it’s too early to gauge the full impact, but if trade disputes escalate, crypto could emerge as a safe haven, similar to past economic uncertainty.

“We’re taking in almost $2 billion a day in tariffs... and we’re doing very well,”

— President Donald J. Trump, April 8, 2025

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