High tariffs on China-made products drove U.S. imports from the world’s second-largest economy to a 16-year low in June — yet the dramatic shift hasn’t put a big dent in America’s overall trade deficit.

The administration says the tariffs could bring in $50 billion each month. President Donald Trump celebrated the start of his long-awaited tariffs Thursday, declaring that money was “flowing into the USA at levels not thought even possible!