Economy · 2026-09-01
Tariff revenue had reached trillions of dollars
False
Trump said tariffs were bringing in trillions of dollars.
What the evidence shows
FactCheck.org reported $264 billion in net tariff revenue in 2025 and approximately $64 billion net through July 2026 after refunds for invalidated tariffs.
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.