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A Project of The Annenberg Public Policy Center

Trump Exaggerates Tariff Revenue

Trump Exaggerates Tariff Revenue

Treasury Department data show that revenue from tariffs on imported foreign goods increased substantially in April and May, setting monthly records. But the total is less than half the figure President Donald Trump has cited. At least twice this month, the president has wrongly claimed that the U.S. “brought in $88 billion” from tariffs in “two months.”