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Latest Fact-Checks In Trade

Clear
Chris Wright
Chris Wright
stated on March 12, 2026 an interview with Fox News:
The U.S. produces “more oil than we can consume. We’re a net oil exporter.”
Half-True
By Louis Jacobson • March 13, 2026
Abigail Spanberger
Abigail Spanberger
stated on February 24, 2026 the Democratic response to Trump's State of the Union address:
President Donald Trump’s tariff policies “have forced American families to pay more than $1,700 each in tariff costs” since last year.
Mostly True
By Loreben Tuquero, Zoe Weyand • February 25, 2026
Major Gross Profit
Major Gross Profit
stated on January 16, 2026 an email:
“Trump’s $2,000 tariff dividend is live but you must act.”
False
By Paul Specht • January 23, 2026
Donald Trump
Donald Trump
stated on December 9, 2025 public events:
The U.S. has received promises of investments totaling $18 trillion to $22 trillion since January.
False
By Louis Jacobson, Nick Karmia • December 9, 2025
Donald Trump
Donald Trump
stated on November 12, 2025 an X post:
“My tariffs … are helping to slash the deficit this year by more than 25%.”
False
By Louis Jacobson • November 14, 2025
The Ronald Reagan Presidential Foundation and Institute
The Ronald Reagan Presidential Foundation and Institute
stated on October 23, 2025 a statement on X:
An ad from the government of Ontario, Canada, “misrepresents” President Ronald Reagan’s April 25, 1987, address about tariffs.
Mostly False
By Amy Sherman, Louis Jacobson • October 24, 2025
Ritchie Torres
Ritchie Torres
stated on July 20, 2025 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.”
Mostly True
By Louis Jacobson • July 25, 2025
U.S. Trade Representative
U.S. Trade Representative
stated on July 20, 2025 a social media post:
“America had a trade surplus in ice cream in 2020 under President Trump's leadership, but that surplus turned into a trade deficit of $40.6 million under President Biden's watch.”
Mostly True
By Gabrielle Lazor • July 24, 2025
Howard Lutnick
Howard Lutnick
stated on July 20, 2025 an interview with CBS' "Face the Nation":
Tariffs are “going to pay off our deficit.”
False
By Louis Jacobson • July 22, 2025
Scott Bessent
Scott Bessent
stated on May 18, 2025 remarks on NBC's "Meet the Press":
“Gasoline prices have collapsed under President Trump."
Mostly False
By Louis Jacobson • May 20, 2025
Donald Trump
Donald Trump
stated on May 8, 2025 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.”
False
By Louis Jacobson • May 16, 2025
Charles Blow
Charles Blow
stated on May 5, 2025 a CNN NewsNight episode:
“China makes 80% of all toys” and “90% of all Christmas goods” sold in the U.S.
True
By Loreben Tuquero • May 9, 2025
Charles Schumer
Charles Schumer
stated on April 27, 2025 an interview on CNN's "State of the Union":
“It's estimated” that President Donald Trump’s tariffs will mean “American families would have to pay about $4,000 more a year.”
Mostly True
By Louis Jacobson • May 5, 2025
Donald Trump
Donald Trump
stated on April 9, 2025 remarks at a White House event:
In 2024, “China made $1 trillion off trade with the United States.”
False
By Louis Jacobson • April 11, 2025
Donald Trump
Donald Trump
stated on April 8, 2025 a speech:
The U.S. is “taking in almost $2 billion a day in tariffs.”
False
By Amy Sherman • April 10, 2025
Brooke Rollins
Brooke Rollins
stated on April 6, 2025 an interview:
“We had an agriculture export deficit that increased from zero when President Trump left to $49 billion” under former President Joe Biden.
Mostly False
By Maria Ramirez Uribe • April 9, 2025
Donald Trump
Donald Trump
stated on April 9, 2025 a Truth Social post:
On enacting country-by-country tariffs April 9.
Full Flop
By Amy Sherman • April 9, 2025
Donald Trump
Donald Trump
stated on March 26, 2025 an interview with Newsmax:
“We have automobile plants being built at levels we've never seen … and they're going up fast.”
Mostly False
By Louis Jacobson • March 28, 2025
Karoline Leavitt
Karoline Leavitt
stated on March 11, 2025 a White House press briefing:
“Tariffs are a tax cut for the American people.”
False
By Louis Jacobson • March 13, 2025
Kamala Harris
Kamala Harris
stated on August 22, 2024 her acceptance speech at the Democratic National Convention:
Former President Donald Trump "intends to enact what, in effect, is a national sales tax ... that would raise prices on middle-class families by almost $4,000 a year."
Half-True
By Louis Jacobson • August 30, 2024
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