Economics
Trump’s Tariffs Are Producing Billions, But China Isn’t Paying
- More than $13 billion in duties were assessed as of Dec. 18
- Trade economists say companies and consumers ultimately pay
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President Donald Trump is right to say that his tariffs are generating billions of dollars for the U.S. But China and other countries aren’t paying them as he’s suggested.
According to data from U.S. Customs and Border Protection, more than $13 billion in duties imposed by the Trump administration were assessed on imported goods as of Dec. 18. Actual collections could lag and be lower because of refunds and other factors, but Treasury Department reports show receipts from all customs duties have risen sharply since the tariffs took effect.