US President Donald Trump has claimed that higher tariffs on imported goods have filled the US treasury. On his social media, he stated that the taxes have generated over $600 billion, making the country stronger financially and in terms of national security. He also criticized the media for allegedly hiding this achievement and said that an important Supreme Court case on his tax policies is being ignored by news outlets. However, government and independent data suggest otherwise. According to the US Treasury, tax revenue for the 2025 fiscal year was $216.7 billion, and it is projected to be $207.5 billion in 2026. Economists believe the $600 billion figure Trump mentioned may refer to proposed stimulus plans for middle-class Americans rather than actual revenue. In reality, the higher tariffs have increased costs for American households by an average of $1,200 per year, impacting consumers more than foreign companies.
