Trump Elaborates on Controversial Daily Tariff Revenue Assertion

President Donald Trump has reiterated his unfounded assertion that the U.S. generates “$2 billion a day” from tariffs, contrasting this with claims of losing $2 to $3 billion daily under President Biden. Economists argue Trump misinterprets trade deficit figures as tariff revenue. Experts emphasize that trade deficits do not equate to monetary losses. In 2024, the U.S. averaged over $216 million daily in customs duties, far below Trump’s claims. As economists clarify, trade deficits reflect goods received rather than financial losses incurred.