Trump's False Claims on Tariff Revenue
President Trump falsely claims the U.S. is making billions of dollars a day from tariffs and compares it to losses under President Biden. Economists say the numbers are exaggerated and not based on reality.
Key Points
- Trump falsely claims the U.S. is making $2 billion or more a day from tariffs
- Economists refute Trump's figures and explain why they are implausible
- Trump compares this to perceived losses under Biden based on trade deficits
Cons
- Trump's claims are unsupported and exaggerated
- Comparison between tariff revenue and trade deficits is misleading