🇺🇸💸 FACT CHECK: Did Trump LIE About Tariff Revenue?
Welcome to The Josh Lafazan Show — your go-to place for no-BS, fact-first breakdowns of today's most explosive political claims.
Today, we're digging into a claim President Trump keeps repeating — that his tariffs have brought in $88 BILLION in just two months and are so successful he might even eliminate income tax.
🧾 Spoiler alert: That's a blatant lie. And we’ve got the receipts. Let’s get into it. 👇
📉 WHAT TRUMP SAID:
Over the past month, Donald Trump has said — multiple times — that:
“We’ve taken in $88 billion in tariffs in two months.”
“Tariffs are bringing in $2 billion dollars a day.”
“We’ve gone from losing billions to making hundreds of billions.”
He’s even gone so far as to suggest that tariff revenue could be so huge, it might replace the need for income taxes altogether.
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📊 WHAT THE NUMBERS ACTUALLY SAY:
The facts? Not even close.
According to Treasury Department data and expert analysis:
The actual revenue collected in tariffs for the entire fiscal year, from October through May, is $81.4 billion — and that includes months when Joe Biden was president.
As of mid-June, the U.S. had collected only $5.4 billion in tariffs that month.
There’s no two-month window in which $88 billion was collected. None.
📉 In other words: Trump inflated the number by over 500%. And he’s claiming Biden-era revenue as his own.
🧠 THE ECONOMIC DAMAGE:
Even worse? Trump’s tariffs are hurting the economy, not helping it.
💼 Layoffs are increasing
🛒 Consumer confidence is dropping
💰 Investment is slowing
📉 And economists warn the tariffs are contributing to a coming recession
And it's not just left-wing economists saying this.
Even Ben Shapiro, one of the biggest conservative voices and longtime Trump defender, admitted:
“These tariffs make no sense.”
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📉 INFLATION WARNING:
Trump says his tariffs brought in billions "with no inflation.”
But experts say inflation is already ticking up and could worsen significantly as higher import costs filter through to consumers.
So even if revenue were high (it’s not), the cost to working Americans could far outweigh any short-term gains.
🧠 WHAT COMES NEXT?
There are real questions that remain:
Will Trump delay trade deals with China and the EU?
Could Congress take back tariff authority from the White House?
Will we see a recession this summer?
And will Trump keep inflating numbers for political gain?
All great questions. But one answer is absolutely clear:
✅ Trump is lying about tariff revenue. Period.
📢 FINAL THOUGHTS:
Facts matter. Math matters. Truth matters.
And no amount of shouting or spinning can hide that tariffs are taxes — and they’re hurting Americans more than they’re helping.
If you care about truth in politics, hit that 👍 like, 🔔 subscribe, and drop your thoughts in the 💬 comments below.
Do YOU think Congress should rein in the President's tariff powers? Let’s talk about it.
📺 Thanks for watching Fact Check on the Josh Lafazan Show.