US Tariff Revenue Jumped in April, Before China De-Escalation

The US collected a record amount of revenue from tariffs in April, helping to limit a further widening of the budget deficit, though President Donald Trump’s search for trade deals with targeted nations may scale back future amounts collected.

The Treasury Department recorded $16 billion in customs-duties revenue for April, marking a $9 billion — or 130% — increase on the same month a year before. That’s the biggest monthly take for customs in at least a decade, according to data compiled by Bloomberg.