U.S. Customs Reports $200 Billion Collected from New Trump Tariffs
According to U.S. Customs and Border Protection, revenue from tariffs introduced under President Donald Trump has reached $200 billion.
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Terms & Concepts
Tariff: A tax imposed on imported goods, often used to protect domestic industries or generate government revenue.
U.S. Customs and Border Protection (CBP): Federal agency responsible for regulating and facilitating international trade, collecting import duties, and enforcing U.S. trade laws.