FACT FOCUS: Trump exaggerates revenue from tariffs

US President Donald Trump makes no secret of his love for tariffs. He hails them as a way to generate revenue, to strike back at countries he sees as taking advantage of the United States in trade, and as…

FACT FOCUS: Trump exaggerates revenue from tariffs

President Donald Trump is claiming that tariffs on imported goods are bringing in billions of dollars a day — $2 billion to be exact.

Trump Expands on Dubious Daily Tariff Revenue Claim

Este artículo estará disponible en español en El Tiempo Latino. President Donald Trump has added to his unsupported claim that the U.S. is making “$2 billion a day” from tariffs by saying that the country was losing $2 billion or $3 billion “a day” under President Joe Biden. Economists told us that Trump appears to be wrongly comparing a very high – and unlikely – estimate of potential daily revenue from his tariffs with a figure reflecting the …