Trump’s $19.9B Tariff Haul Could Be Dwarfed By Extra China, Autos Duties — Panjiva


Trump’s $19.9B Tariff Haul Could Be Dwarfed By Extra China, Autos Duties

China 1758 Cons. Discr. - Autos 661 Materials - Metals/Mining 482 Metals - Aluminum 159 Metals - Steel 360 Tariffs 1169 U.S. 3297

The U.S. Treasury Department collected $5.1 billion of customs duties in February, up 89.8% compared to a year earlier. The increase came as a result of tariffs applied since last January on washing machines, solar panels, steel, aluminum and around $250 billion of Chinese exports. As a result the total tax income from duties reached $55.5 billion in the 12 months to Feb. 28, up $19.9 billion compared to a year earlier. That could increase by around $30 billion annually if U.S.-China trade talks fail and tariff rates are increased to 25% from 10%. A decision from President Donald Trump d...

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