Economy · 2025-08-01
Higher tariff collections occurred with zero inflation
False
Trump claimed rising tariff revenue came with no inflation.
What the evidence shows
FactCheck.org reported a 2.7% year-over-year consumer-price increase in both June and July 2025, not zero.
What happened next
Assessment based on the linked FactCheck.org reporting.
Assessment notes
Editorial paraphrase, not a verbatim quotation. Where an exact speech date is uncertain, the month is used as a placeholder; consult the linked report for the precise original statement.