After months of delay, higher tariffs that President Donald Trump had vowed to impose on goods imported from dozens of countries went into effect on Aug. 7. Trump has made a series of false and misleading statements to justify his new tariff policies. Here is a recap of some of his claims that we have fact-checked.
President Donald Trump has cited a $40 billion trade deficit with Switzerland to justify a new, high tariff on imported Swiss goods. But his figure ignores trade in services. The overall goods-and-services deficit is less than $9 billion.
The United States and the European Union have reached a preliminary trade deal to avoid a 30% U.S. tariff on imported goods from the EU that President Donald Trump threatened would go into effect on Aug. 1. Trump had argued that higher tariffs were needed because EU tariffs and nontariff policies “cause the large and unsustainable trade deficits” between the U.S. and the EU, but economists disputed that statement.
To commemorate his first 100 days in office this term, President Donald Trump gave a speech in Michigan and granted interviews to several news outlets. In our review of his remarks, we found false and misleading claims, including quite a few Trump has made before.
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 average daily U.S. trade deficit during Biden’s last year in office.
In his Rose Garden announcement of sweeping new “reciprocal tariffs,” President Donald Trump held aloft a misleading chart that claimed to give a breakdown of the tariffs other countries charge the U.S. and the corresponding tariff that the U.S. will now impose against those countries.
Days before he ordered, and then paused, new tariffs on U.S. imports from Canada and Mexico, President Donald Trump argued that the U.S. does not need imported products such as crude oil and lumber from those countries. Experts told us it’s not that simple.
On Inauguration Day, we provide a look at various metrics on the state of the country at the start of President Donald Trump’s second term.
Our latest quarterly report on various statistical indicators comes less than three weeks before Election Day.
As Biden enters the final months of his presidency, we look at various statistical measures of what’s happened during his term.