Record $16.5 Billion in US Customs Duties Set Record High

The US Customs and Border Protection (CBP) reported record-breaking customs duties of $16.5 billion in April 2025, signaling a significant shift in trade dynamics. This surge is attributed to intensified enforcement efforts including increased audits targeting Chinese and Hong Kong imports, resulting in higher tariffs. The U.S. trade deficit also rose to $140.5 billion in March 2025 due to an increase in imported goods. Importers are facing significant financial strain as a result of the heightened tariff landscape. Analysts believe this trend could impact import strategies and require companies to reassess their operations.