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Fact check: Trump’s false claims about tariffs and trade

  • Donald Trump made several false or misleading claims about tariffs and trade during an April 2 speech.
  • Trump campaigned on reciprocal tariffs, falsely claiming benefits, and directed trade officials to assess trading partners.
  • He misrepresented the US trade deficit with Canada and dairy tariffs, omitting key facts about US exports.
  • Trump claimed, “China never paid 10 cents to any other president from tariffs,” though the US had tariffs since 1789.
  • Trump falsely stated the US had its highest inflation under Biden and brought gas prices down, despite AAA data showing otherwise.
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Bias Distribution

  • 52% of the sources are Center
52% Center
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InvestorPlace broke the news in on Tuesday, April 1, 2025.
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