Forbes: Trump Says His Tariffs Collected ‘Trillions’ In Revenue—Here’s The Real Figure

“Without tariffs, and all of the TRILLIONS OF DOLLARS we have already taken in, our Country would be completely destroyed, and our military power would be instantly obliterated,” Trump wrote on Truth Social.
Trump claimed earlier this month that “trillions of dollars are being taken in on tariffs” and his levies have “not caused inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasury’s coffers.”
Trump leaves out that tariffs are paid by U.S. companies to import foreign goods, with those costs eventually paid by U.S. consumers.
Trump’s latest comments on his tariffs follow a ruling late Friday by the U.S. Court of Appeals, as the court wrote Trump overstepped his authority by issuing his reciprocal tariffs, a power the majority opinion said was “vested exclusively” as a “core Congressional power.”
The ruling prohibiting Trump’s tariffs won’t take effect until Oct. 14, allowing the Trump administration time to appeal to the Supreme Court.

The truth: Trump’s tariffs have only “generated about $96 billion in revenue”.

Trump Claims Tariffs Earned U.S. ‘Trillions Of Dollars.’ Federal Data Says Otherwise.

Treasury Secretary Scott Bessent has projected tariff revenue would reach $300 billion per year.