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The trump administration has assessed $ 4.4 billion worth of duties on steel and aluminum imports of China under the tariffs it imposed in an effort to protect U.S. companies.
A spokesman for the Department of Homeland Security told the Washington Examiner that importers owe the federal government $ 4.4 billion for importing goods hit by the tariffs through Oct. 2, but The Treasury Department was $ 4.4 billion had been collected, and how much was still owed.
Still, the assessments show that the tariffs are imposing a real cost to importers, who are responsible for paying the charge.
Trump got aggressive on trade this year, when he hit all the trading partners with a 25 percent tariff on their own and a 10 percent tariff on aluminum.
According to DHS, U.S. Customs and Border Protection had $ 2.34 billion in duties on steel imports and $ 615 million on aluminum.
Trump followed up with a 25 percent tariff on $ 50 billion worth of imports from China, to retaliate against China's failure to protect U.S. intellectual property rights, and its policy of forced technology transfer. He then hit another $ 200 billion worth of Chinese goods with a 10 percent rate that could rise to 25 percent next year.
CBP said these tariffs against China as of early October.
Even relatively small tariffs, especially in competitive industries. To the extent of the trade is still going on, the assessment of duties to the U.S. Treasury, President Trump has made in several speeches around the country.
"We are doing it with China on trade." President Xi has a great relationship with the President of China, but it's got to be a two-way street. Trillions and trillions of dollars were taken out of the United States for the benefit of China, "We have to make it."
"So we're at $ 250 billion now, at 25 percent interest," said Trump said last month. "And a lot of money is coming into our coffers."
Federal revenue from Trump's tariffs are likely to continue growing. Trump's steel and aluminum tariffs are still in effect, as are the tariffs against China, which will rise from 10 to 25 percent in January unless the two countries reach an agreement to settle the trade fight.
Today, the tariffs are hitting about half of the goods China sends to the U.S., and Trump has been attacked by the other half.
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