What did Donald Trump claim about the economy on 27 Jul 2025?
Donald Trump, President of the United States ·
And those have come in, and we've taken in, you know, hundreds of billions of dollars just on steel and aluminum.
Nowhere close. Customs duties from every tariff on every product added up to $113.3 billion in the fiscal year through June 2025, so steel and aluminum alone could not have brought in hundreds of billions.
Treasury's Monthly Treasury Statement puts gross customs duties from all tariffs at $113.3 billion for fiscal year 2025 through June 30, 2025, and $141.7 billion through July 31, 2025 (U.S. Department of the Treasury, Monthly Treasury Statement, Table 4).
Claim vs. the record · Economy
Added
The claim
- Date
- Where
- Remarks to reporters before a meeting with European Commission President Ursula von der Leyen at Trump Turnberry, South Ayrshire, Scotland.
The record
Primary source (agency data)