Trump tariffs rake in more than $110M
FOX Business’ Edward Lawrence reports exclusively that the U.S. trade tariff’s added more than $110 million dollars to the Treasury General Fund for steel and aluminum in the first week it went into effect for Canada, Mexico, and the European Union.
The U.S. has collected more than $110 million in tariffs to the Treasury General Fund since the Trump administration imposed steel and aluminum levies against Canada, Mexico and the European Union.
FOX Business’ Edward Lawrence reports exclusively that the figures outlined have been paid at the border when steel and aluminum imports came into the United States.
The U.S. took in $82.2 million in steel tariffs and $28.3 million in aluminum tariffs from June 1 through June 14, according to the Customs and Border Patrol.
President Trump announced that he would end the two-month tariff exemption for America’s allies, slapping Canada, Mexico and the EU with a 25% tariff on steel imports and a 10% duty on aluminum imports. The metal tariffs took effect on June 1.
Worldwide steel and aluminum tariffs were announced in March by the Trump administration but included exemptions for the U.S. allies.