“Look, we’re making $2 billion a day now [from tariffs]. And during Biden, we were losing $3 billion a day.”
What FactCheck.org found
Economists told us that Trump appears to be wrongly comparing a very high – and unlikely – estimate of potential daily revenue from his tariffs with a figure reflecting the average daily U.S. trade deficit during Biden’s last year in office.
Their words, from the summary they publish with the rating.
In short
Donald Trump (U.S. President) made this claim around 10 April 2025. FactCheck.org (United States) looked into it and published its finding on 17 April 2025, 7 days later. Its rating was “No Evidence”.
Donald Trump has 1,168 checked claims in this archive. Fact-checking organisations rated 663 of them false or fake, 375 misleading or mixed and 13 true.
This check was done by FactCheck.org, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.