Fact Check: gross tariff collections have totaled $86 billion, up 59% from the same period in 2024

Fact Check: "Gross tariff collections have totaled $86 billion, up 59% from the same period in 2024"

What We Know

The claim states that gross tariff collections have reached $86 billion, representing a 59% increase compared to the same period in 2024. According to a report by CNBC, gross tariff collections indeed totaled $86 billion for the year, which is an increase of 59% from the previous year, 2024. This data indicates that tariff collections have significantly risen, contributing to the U.S. government's revenue.

Analysis

While the claim is accurate regarding the figures of gross tariff collections, it is essential to clarify the context. The reference to "the same period in 2024" implies a comparison to the previous year's data. However, the claim does not specify that the increase is being compared to the year 2023, which is crucial for understanding the growth rate. The reported increase of 59% is indeed from 2024 to 2025, not from 2023 to 2024. This distinction is vital as it could mislead readers into thinking the increase is from a more immediate past period.

Furthermore, the source of this information, CNBC, is a reputable financial news outlet known for its coverage of economic issues, which adds credibility to the data presented. However, the lack of clarity in the claim regarding the specific years being compared diminishes its accuracy.

Conclusion

The claim is False because while it accurately states the gross tariff collections and their percentage increase, it fails to clarify that the increase is from 2024 to 2025, not from 2023 to 2024. This omission can lead to misunderstandings about the timing and context of the reported figures.

Sources

1. Economy of Sri Lanka
2. 毛重G.W.（gross weight）跟净重N.W.（net weight）有什么 ...
3. U.S. budget deficit hit $316 billion in May
4. gross sales 和 net sales 区别是什么 关系是什么 公式是 ...
5. US monthly budget deficit falls to $316 billion as tariffs ...
6. 什么叫gross price和net price？ - 百度知道
7. U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% f…
8. gross ，nasty, disgusting有什么区别？ - 百度知道