U.S. customs tariff collections soared by over 60%, marking a historic high. This surge highlights the immediate impact of President Trump's tariffs, part of his strategy to reshape trade and boost federal revenue.

Since tariff levels were raised on April 9, the U.S. is collecting an average of $918 million a day. Donald Trump has promised $3 billion.

US Treasury Secretary Scott Bessent defended Trump's tumultuous tariff policy as a way of creating "strategic uncertainty" that gives Washington the upper hand.

Chinese officials on Monday criticized the Trump administration’s approach to negotiating tariff policy and accused the U.S. of bullying other nations. “They make up bargaining chips out of thin

Members of Donald Trump's cabinet gave conflicting messages on Sunday about whether negotiations with China over tariffs are taking place, as the Republican president has asserted. The Trump administration signaled openness last week to de-escalating a trade war between the world's two largest economies that has raised fears of recession.

U.S. Treasury Secretary Scott Bessent on Sunday did not back President Donald Trump's assertion that tariff talks with China were under way and said he did not know if the U.S. president had talked to Chinese President Xi Jinping.