The US Customs System Collapses! Global goods are exempt from duties, and Musk and Trump may also fall apart. Trump probably didn't expect the situation to develop so badly.
Trump just proudly claimed that increasing tariffs would increase daily tax revenue by $2 billion for US Customs, and the US Customs system immediately collapsed, giving Trump no face at all. CNBC website reported on April 11 that a fault occurred in the tariff exemption code of the US Customs system, and this fault lasted for 10 hours. According to regulations, all goods in transit this week that should not be affected by the new tariff policy of the Trump administration, including goods already shipped from China and any country under the 90-day deferral period, will be duty-free.
Due to the system failure of US Customs, it is unable to process the massive financial data of these goods, which will create a loophole for exempting tariffs for a large number of goods, including those from China. This situation has completely exceeded Trump's expectations and shows that various aspects will not satisfy him. This major fault is just a warning, and in fact, there are more serious problems with the US Customs. Experts in the United States are questioning whether US Customs has the ability to handle so many goods subject to customs duties.
In one night, significantly enhancing product identification is indeed an impossible task for US Customs. The collapse of the customs system is just a warning, and the Trump team is now in complete chaos. It was reported that Trump's trusted aides have also fallen out with Trump. Musk publicly criticized Trump's tariff policies, accusing Trump of cutting NASA's science budget for fiscal year 2026 in half. Trump said that Musk will leave his current position within a few months. This indicates that Trump's core team is also falling apart.
Original article: https://www.toutiao.com/article/1829188427968585/
Disclaimer: The article only represents the author's personal views.