Daily revenue from US customs duties reached a record $16.5 billion, reflecting the full impact of President Donald Trump's new universal tariffs. The data suggest that Trump will fall short of his goal of $2 billion a day in tariff revenue to help pay for record tax cuts. The Treasury will bring in at least $22.3 billion in customs duties and other excise taxes this month, a monthly record in dollar terms. The new levies being collected consist mostly of a 10% baseline tariff for most of the world, a 25% duty on steel and aluminum, and 25% on autos. The tariff rate on China was about 20% when Trump took office, hit a high of 145% and is now 51%.