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 from the same period in 2024. According to a recent report, gross tariff collections indeed totaled $86 billion, which is an increase of 59% compared to the previous year, specifically from May 2024 to May 2025 (source-4). This increase is attributed to the implementation of tariffs by the Trump administration on various imported goods, which have significantly boosted customs receipts (source-6).

Analysis

While the claim is factually accurate regarding the figures of gross tariff collections and the percentage increase, it lacks context regarding the overall economic situation. The reported increase in tariff collections is part of a broader narrative about the U.S. budget deficit, which hit $316 billion in May 2025, indicating a 14% increase in the annual shortfall compared to the previous year (source-8).

The source of the claim, while accurate in its numerical reporting, does not address the implications of such tariff increases on the economy, such as potential inflationary pressures and the impact on consumer prices (source-1). Additionally, the reliance on tariffs as a revenue source raises questions about sustainability and economic health, as tariffs can lead to higher prices for consumers and potential retaliatory measures from trading partners.

Conclusion

Verdict: False
The claim is technically true in terms of the figures presented; however, it is misleading as it does not provide the necessary context regarding the overall economic implications of the tariff increases. While gross tariff collections have indeed totaled $86 billion and increased by 59%, this does not reflect a positive economic trend when considering the accompanying rise in the budget deficit and potential adverse effects on consumers and the economy.

Sources

1. Tariffs could cut deficit by $2.8 trillion over next decade
2. Economy of Sri Lanka
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4. U.S. budget deficit hit $316 billion in May
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6. US monthly budget deficit falls to $316 billion as tariffs ...
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8. U.S. budget deficit hit $316 billion in May, with annual shortfall up 14% f…