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Reuters: US customs receipts quadruple to record $23 bil. in May due to tariffs NHK

A: Hey buddy! Guess what I just found out?
B: What's up, man? What's the news this time?

A: Well, it looks like Trump's new import tariffs are making some waves! Reuters says that in May alone, customs receipts nearly quadrupled to a whopping 23 billion dollars!
B: Whoa, that's a lot of money! What does that mean?

A: Basically, it seems like Trump's tariffs on goods from almost all trading partners, which started in April, are causing this increase. The Treasury Department report backs this up.
B: Oh, so the tariffs are working as intended, I guess?

A: Well, that's one way to look at it. Trump also imposed tariffs on steel products, aluminum, and cars from countries like Japan.
B: Sounds like he means business, huh?

A: Definitely! In fact, in a social media post, Trump even bragged about the "strong" jobs figures and the "billions of dollars" coming into the country from tariffs.
B: Wow, that's some big talk! But let's wait and see how things play out, yeah?
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Reuters news agency says US customs receipts nearly quadrupled in May from a year earlier to a record 23 billion dollars, "due to President Donald Trump's steep new import tariffs."



Reuters says Trump's tariffs on goods from nearly all trading partners that took effect in April began to show through the following month in significant amounts in port-of-entry collections. The news agency quoted a report by the US Treasury Department.



Trump has also imposed tariffs on imports of steel products, aluminum and automobiles from countries and regions including Japan.



In a social media post in May, Trump praised the "strong" jobs figures and hailed the "billions of dollars" pouring into the country from tariffs.
Summary
Reuters reports that US customs receipts reached a record high of $23 billion in May, attributed to Trump's import tariffs. The tariffs, imposed on goods from nearly all trading partners and steel products, aluminum, and cars from countries like Japan, increased port-of-entry collections,
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ID: 1645cfc5-2eab-4ebf-be2d-2d23d2dea823

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20250612_27/

Date: June 12, 2025

Created: 2025/06/13 07:10

Updated: 2025/12/08 03:42

Last Read: 2025/06/13 07:57