Scoop: Trump customs revenue tops $100 billion, boosted by tariffs

The U.S. has now collected more than $100 billion in customs revenue since President Trump took office, Axios has learned. Why it matters: The vast majority of that is from tariffs, as Trump's trade policy begins to generate substantial income for the government. Driving the news: Total customs revenue from actions taken since Jan. 20 — including tariffs, taxes and fees — hit $106.1 billion as of last Friday, according to Customs and Border Protection documents seen by Axios.Most of that, $81.5 billion in total, is from tariffs imposed since Jan. 20.Zoom out: The revenue from Trump's sweeping global levies is substantially higher than in past years.For the current fiscal year through the end of May, collections are about 65% higher than the same period the year prior, per Treasury data. The overall effective tariff rate is now at the highest level since the late 1930s, per the Yale Budget Lab. What to watch: At current levels, annual collections are pacing ahead of the administration's own estimates.Treasury Secretary Scott Bessent and trade advisor Peter Navarro have previously estimated tariffs could generate north of $300 billion in revenue.

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