What did Donald Trump claim about the economy on 12 Jun 2025?
Donald Trump, President of the United States ·
We've taken in $88 billion in tariffs in 2 months—$88 billion—with no inflation.
Not in two months. Tariffs brought in $39.1 billion in April and May 2025. About $86 billion was the total over eight months, four of them under Biden.
Gross customs duties were $16.3 billion in April 2025 and $22.8 billion in May 2025, $39.1 billion for the two months; about $86 billion was the total since October 1, 2024, eight months that include four months of the Biden administration (Treasury, Monthly Treasury Statement, Table 4).
Claim vs. the record · Economy
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The claim
- Date
- Where
- Remarks at the signing of congressional disapproval resolutions on EPA vehicle-emission waivers at the White House.
The record
Primary source (agency data)