US EditionPresident Trump says U.S. is taking in $2 billion a day from tariffs
- President Trump has imposed tariffs- or import taxes- on countries around the world, including a 104% rate on goods imported from China.
- Some of Trump's claims on trade are unsubstantiated or even false, as data from April 7th amounted to only $215 million in tariff revenue, well short of his claim of $2 billion per day.
- The US does have a large trade deficit in goods with China of around $295 billion in 2024, far less than the $1 trillion claimed by Trump.
37 Articles
37 Articles
Trump said tariffs collections are ‘almost $2 billion a day.’ Trade experts are doubtful
Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue. At an April 8 executive order signing, Trump said, “We’re taking in almost […] The post Trump said tariffs collections are ‘almost $2 billion a day.’ Trade experts are doubtful appeared first on Poynter.
"We're Taking in $2 Billion a Day!"
Said Donald Trump, happy as a child with his new favorite Christmas toy, celebrating the bloating of the federal bureaucracy with even more money taken from the pockets of American consumers through tariff taxation. No wonder Elon Musk thinks Peter Navarro, Trump’s mercantilist tariff advisor, is “an idiot.” The post “We’re Taking in $2 Billion a Day!” appeared first on LewRockwell.
Is US making $2 billion a day from tariffs as Donald Trump claims?
Meta: A day before US President Donald Trump announced a pause on tariffs, he claimed that America was 'making a fortune with $2 billion a day in tariffs' and that money was 'pouring in at a level never seen before'. But experts say Trump was looking at the US' past imports and that there are a number of problems with this method. They also say that the tariffs could ultimately raise $300 billion a year — far less than Trump's figure
President Trump: ‘I Know What the Hell I’m Doing’ Touts ‘Taking in Almost $2B a Day in Tariffs’
As confusion and competing ideologies swirl around President Donald Trump’s aggressive tariffs, he has just one message: “I know what the hell I’m doing.” Trump made the remarks during his speech at the National Republican Congressional Committee dinner Tuesday evening. “Companies are pouring back into our country with plants. There’s a run on sites, there’s a run on old plants, most of them are being ripped down for new plants,” Trump said. “Th…
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