Fact-check · Nov 5, 2026 · Donald Trump
“All of that money, $22,200,000,000,000 is coming in”
FALSESaid in 2 broadcasts
What the record shows
CBO, Tax Foundation, and Tax Policy Center project 10-year tariff revenue between $1.7-$3.3 trillion (2026-2035/2036), not $22.2 trillion.
Claim vastly exceeds all authoritative projections by 7-13x. No credible source supports $22.2 trillion tariff revenue figure.
Sources
- U.S. Tariff Revenue So Far and What to Expect Next
- How CBO Projects Tariff Revenues October 2024
- Trump Tariffs Tracker: Rates, Revenue, and Impact
- An Update About CBO's Projections of the Budgetary Effects of Tariffs
- Revenue Estimates of Trump’s Universal Baseline Tariffs
- How Much Revenue Can Tariffs Really Raise for the Federal Government?
Every time it was said
2 times, Oct 20, 2026 to Nov 5, 2026 · 2 false · against US customs duties (tariff revenue), annual rate (FRED)
US customs duties (tariff revenue), annual rate, as revised today● figure published the day it was saidFalse
Oct 20, 2026FALSE
Nov 5, 2026FALSE
Figures published each day come from FRED archives (ALFRED), before later revisions.
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