Fact Check: Trump said tariff revenues, break monthly record

Fact-Check Article: "Trump said tariff revenues, break monthly record"

What We Know

The claim that "Trump said tariff revenues, break monthly record" is supported by recent data indicating significant increases in tariff revenues under the Trump administration. According to official US data, tariff revenues reached $28 billion in June 2025, which was reported to be triple the monthly revenues seen in 2024. Furthermore, as of July 2025, the U.S. collected nearly $28 billion in customs duties, marking the highest monthly total for that year, according to the Treasury Department's data on customs and excise taxes (Fox Business).

Additionally, reports indicate that total tariff revenues for the year 2025 have already hit a record of $150 billion, surpassing previous totals and demonstrating a significant increase in revenue from tariffs (Fox4 News). This increase is attributed to the higher average effective tariff rate, which has risen to 18.2%, the highest since 1934 (BBC).

Analysis

The evidence supporting the claim is robust, with multiple sources corroborating the reported increases in tariff revenues. The BBC article provides a comprehensive overview of the tariff landscape, detailing the historical context and the economic implications of the tariffs imposed by Trump. The data from the Treasury Department, as cited by Fox Business, confirms that July 2025 saw record tariff revenues, which aligns with the claim made.

However, it's important to consider the potential biases of the sources. The Fox Business and Fox4 News articles are from outlets known for their conservative leanings, which may influence the framing of the information. Nevertheless, the figures presented are based on official government data, which lends credibility to the claims made.

The Congressional Budget Office (CBO) also provided estimates indicating that the increase in tariff revenue would significantly affect government borrowing, although it noted that the tariffs could negatively impact the overall economy (BBC). This duality highlights the complexity of the issue, as while tariff revenues are increasing, they may come at the cost of economic growth and consumer prices.

Conclusion

The claim that "Trump said tariff revenues, break monthly record" is True. The evidence from multiple credible sources indicates that tariff revenues have indeed reached record levels under Trump's administration, particularly in June and July 2025. The significant increase in tariff rates and the resulting revenue collection supports this assertion, despite potential economic drawbacks associated with these tariffs.