Economy Scorecard true 0% 305 Checks mostly-true 0% 427 Checks Half True 0% 469 Checks mostly-false 0% 319 Checks false 0% 370 Checks Pants on Fire 0% 89 Checks For more details, see the Principles of PolitiFact All Fact-checks for Economy Donald Trump stated on January 27, 2026 in remarks at a restaurant in Iowa: “We right now have more factories and plants being built in our country than we've ever had before.” February 9, 2026 Gretchen Whitmer stated on February 2, 2026 in a Substack: Under Michigan Gov. Gretchen Whitmer, there are “fewer families living in poverty” than under her predecessor. February 6, 2026 Donald Trump stated on January 11, 2026 in remarks to reporters: Credit card companies would be “in violation of the law” if they don’t cap interest rates at 10% by Jan. 20. January 12, 2026 Donald Trump stated on November 6, 2025 in remarks at a dinner: Walmart’s 2025 package of Thanksgiving dinner ingredients shows a “25% reduction in costs for Thanksgiving between (President Joe) Biden and me.” November 14, 2025 stated on October 26, 2025 in an interview on NBC's "Meet the Press": "Overall, the inflation since President Trump” took office “has come down." October 29, 2025 X posts stated on September 19, 2025 in an X post: Thirty percent of U.S. medical residents are international medical graduates, and 10,000 of 43,000 residency spots are filled by H-1B visa holders. October 2, 2025 Donald Trump stated on September 19, 2025 in an exchange with reporters in the White House: The U.S. currently has “no inflation.” September 24, 2025 Donald Trump stated on August 26, 2025 in a Cabinet meeting: “Groceries are down. Energy is way down. ... Was $4 and $5 for a gallon of gas.” September 5, 2025 Donald Trump stated on August 26, 2025 in a Cabinet meeting: “The average American worker has already seen a $500 wage increase this year.” September 5, 2025 Donald Trump stated on August 5, 2025 in an interview on CNBC: Bureau of Labor Statistics employment numbers “were rigged” when the agency revised them “down by almost 900,000 jobs” after the 2024 election. August 5, 2025 Ritchie Torres stated on July 20, 2025 in an interview on CNN's "State of the Union": “Since Donald Trump's inauguration, we have seen an 11% decline in the value of the dollar, the steepest decline in more than a half a century.” July 25, 2025 Gavin Newsom stated on July 14, 2025 in a podcast interview: “California provides $83.1 billion more than we receive from the federal government. Texas? Receives $71.1 billion more than they provide to the federal government. 71% of the U.S. GDP comes from blue counties.” July 18, 2025 stated on July 6, 2025 in an interview with CBS News' "Face the Nation": A Congressional Budget Office estimate of people who stand to lose insurance from President Donald Trump’s tax and spending law said “about 5 million … have other insurance,” so “if they lose one (type of coverage), they're still insured.” July 11, 2025 Donald Trump stated on June 25, 2025 in a Truth Social post: New York City mayoral candidate Zohran Mamdani is a communist. June 26, 2025 stated on May 18, 2025 in remarks on NBC's "Meet the Press": “Gasoline prices have collapsed under President Trump." May 20, 2025 Donald Trump stated on May 8, 2025 in an event in the White House: Declining cargo traffic at U.S. ports “means we lose less money. … When you say it's slowed down, that's a good thing.” May 16, 2025 Donald Trump stated on May 8, 2025 in an interview with NBC's "Meet the Press": “We have now close to $10 trillion” in investments. “We’re talking about essentially two months.” May 8, 2025 Tim Walz stated on April 6, 2025 in an interview: “Less than half of Americans have $1,000 in savings.” By Claire Cranford • April 16, 2025 Donald Trump stated on April 9, 2025 in remarks at a White House event: In 2024, “China made $1 trillion off trade with the United States.” By Louis Jacobson • April 11, 2025 Donald Trump stated on April 8, 2025 in a speech: The U.S. is “taking in almost $2 billion a day in tariffs.” By Amy Sherman • April 10, 2025 Load More Latest Articles A Super Bowl ad says every American child will get a free Trump Account. Is that true? • February 8, 2026 Could $1,000 seed money in a Trump account multiply to $243,000? That’s without inflation and taxes • February 3, 2026 Inflación tras un año de Trump: los precios siguen subiendo, algunos productos clave son más baratos • January 22, 2026 Fact-checking Donald Trump’s Davos speech on Greenland, US economy • January 21, 2026 Fact-checking Donald Trump’s marathon press briefing at one-year mark of second term • January 20, 2026 Inflation after one year under Trump: Prices continue to rise, but some key items are cheaper • January 20, 2026 Verificamos el último discurso del estado del estado del gobernador de Florida Ron DeSantis • January 14, 2026 Fact-checking Florida Gov. Ron DeSantis’ final State of the State speech • January 13, 2026 Fact-checking Donald Trump’s economic speech in Michigan • January 13, 2026 It’s a wrap! Here are PolitiFact’s top 10 fact-checks of 2025 • December 29, 2025 Fact-check: President Trump’s speech on inflation, wages, military dividend • December 18, 2025 ¿Qué decir de un año nefasto para la verdad? PolitiFact designa 2025 como El Año de las Mentiras • December 16, 2025 Year of the Lies: Farmer says some Trump tariff statements ‘as far from the truth as you can get’ • December 16, 2025 What to make of an abysmal year for truth? PolitiFact names 2025 the Year of the Lies • December 15, 2025 Fact-checking Donald Trump’s statements on the economy in insult-laden Pennsylvania speech • December 10, 2025 Trump propone pagos de $2,000 a todos los estadounidenses. ¿Es posible? • November 12, 2025 Trump proposed $2,000 payments for Americans from tariff dividends. Would that work? • November 10, 2025 Trump’s ‘60 Minutes’ interview: Fact-checking his statements on nuclear weapons, Mamdani, ICE • November 3, 2025 Ask PolitiFact: How much could the federal shutdown cost? • October 31, 2025 US soybean farmers criticize Argentina ‘bailout.’ How are the issues linked? • October 21, 2025 Latest promises about Economy Donald Trump Add a tariff of 10% to 20% to all nondomestic goods sold in America Despite pausing some tariffs, Trump’s 10% baseline global tariff is in force | April 11, 2025 Donald Trump Add a 60% tariff on goods from China Trump blows past 60% tariff promise on China, setting 145% rate | April 11, 2025 Donald Trump Institute a reciprocal tariff policy The now-paused tariffs Trump touted as reciprocal actually weren’t | April 14, 2025 Donald Trump Adopt a four-year plan to phase out Chinese imports Donald Trump Provide a middle-class, upper-class, lower-class, business-class big tax cut” Donald Trump End taxation on Social Security Donald Trump End taxation on tips Donald Trump Reduce corporate tax rate for companies making products in the U.S. to 15% Donald Trump Put a temporary cap of 10% on credit card interest rates Donald Trump Make interest on car loans tax deductible Donald Trump Restore the state and local tax deduction (SALT) Donald Trump Stop China from buying land in the U.S. Latest promises about Economy
Donald Trump Add a tariff of 10% to 20% to all nondomestic goods sold in America Despite pausing some tariffs, Trump’s 10% baseline global tariff is in force | April 11, 2025
Donald Trump Add a 60% tariff on goods from China Trump blows past 60% tariff promise on China, setting 145% rate | April 11, 2025
Donald Trump Institute a reciprocal tariff policy The now-paused tariffs Trump touted as reciprocal actually weren’t | April 14, 2025