Trump recently claimed that the U.S. is collecting “tens of billions of dollars—trillions of dollars actually—in tariffs… paid by other countries,” suggesting that foreign nations directly cover these costs. He framed this as a major economic benefit while touting low inflation.
The false claim resulted in a Community Note. In reality, tariffs are paid by the importing companies, not by the foreign governments.
Howard Lutnick Smacked With Community Note Over Tariff Claim Read More
Howard Lutnick Smacked With Community Note Over Tariff Claim Read More
These costs are often passed on to consumers in the United States, meaning that ordinary Americans ultimately bear the expense. Economists say this undermines the idea that tariffs are a direct revenue source from other countries.