President Trump's prices have become very real for importers last month, the government, the government collected more than $ 17.4 billion in “customs and some excise taxes” in April.
It was nearly $ 9.6 billion dollars of double March, overshadowing the smallest points of the income observed during Trump's first term.
All in all, the functions have filed more than $ 70 billion in government chests since January 1.
“While billions of dollars come from prices … We are only a transitional stage, I'm just starting !!!” Trump said We social social friday.
He could be right. April's data may only give a glimpse of what is coming. The largest prices – 10% of tasks on almost all countries of the world – entered into force on April 5, with many additional prices promised for the coming months.
Find out more: The latest news and updates on Trump's prices
But also complicate the image of pricing income in the future are immediate signs of a drop in shipping volume in response to tasks. The port of Los Angeles, as an example, now provides a drop in freight volume More than a third from next week.
Great transportation also comes Despite major Trump concessions in April This offered a stay of giant importers such as car and technology manufacturers and countries that had been online for much higher prices before 90 -day stay.
Find out more: What Trump's prices mean for the economy and your wallet
Trump has delayed additional “reciprocal” prices on more than 100 nations until this summer, with negotiations in progress. He also promised that new sectoral prices are announced in the weeks or months to come on articles such as semiconductors and pharmaceutical products.
The data is significant but could be slightly overestimated, the Treasury Department indicating the two customs duties and certain excise taxes of the Ministry of Internal Security (DHS) as a single category.
Accelented taxes are different from customs duties, and more precise data is expected in the coming months, but the amount of taxes collected by the DHS is historically low.
Trump himself has often praised the sharp increase in government pricing receipts, suggesting that the US government is on the way to rehearsal An era of American history which ended more than a century ago When the prices constituted a large part of the government's income.
“We are going to earn a lot of money (prices) and this money will be used to reduce taxes”, Trump said April 23. “We are going to get large tax lounges.”
