Monthly customs revenue falls for the first time since Trump rolled out his tariff program

A simmering cost-of-living crisis pushed the Trump administration to announce rollbacks in November on a number of food-related tariffs.

For the first time since Donald Trump rolled out his sweeping global tariff program in April, month-over-month customs receipts declined in November.

Last month, the U.S. government collected $30.75 billion in import duties. This was down from $31.35 billion collected in October.

Over the last few months, the monthly increase in tariff money collected by customs has slowed, but November’s total was the first month that collections were lower than the previous month.