Over the weekend, the Trump White House posted to social media that it had taken in a whopping “$8 trillion in tariff revenue.”
Uh, sure...lie much?
How did he get $8 trillion in tariff revenue when TOTAL goods imports are about $3 trillion a year.
the U.S. has collected $156.8 billion from tariffs as of Aug. 26 — $93.5 billion more
Quote:
“We’ve taken in, almost $17 trillion of investment is coming in. Most of it is coming because of tariffs,”
|
Trump
Yeah...sure...lie much?
$17 trillion of investment” from foreign countries would almost equal the entire GDP of China — $18.7 trillion in 2024
Trump’s claim of $17 trillion in foreign investment, even including tariff revenue, is wildly inaccurate on its face – especially given the fact that the entire global GDP for 2024 was around $110 trillion dollars (with $29 trillion coming from the US). Trump’s claim would mean that the rest of the world has handed over over 21% of its entire economic value to the U.S. since he has taken office.
Just like the mythical $2/gal gas Trump keeps claiming...