Tariff Revenue Dips in November as Trump Scraps Tariffs on Grocery Items

Government tariff revenue in November declined for the first time since President Trump began implementing his sweeping duties, according to new figures from the U.S. Treasury Department, Ben Werschkul reported for Yahoo Finance.

The decline followed Trump’s decision to impose no significant new duties last month and to roll back some existing tariffs on grocery store items. (Photo: Kroger)

The agency’s monthly statement for November showed $30.76 billion in customs duties collected, down from $31.35 billion in October.

The decline followed Trump’s decision to impose no significant new duties last month and to roll back some existing tariffs on grocery store items.

On Nov. 14, the White House issued an executive order excluding items such as coffee, tea, beef, bananas, tropical fruit and cocoa from tariffs as part of an effort to address affordability concerns for Americans.

The dip in tariff revenue broke a streak that began earlier this year, when Trump rolled out his tariff regime, driving monthly collections sharply higher — from $7.25 billion in February to more than four times that amount by October.