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Fact check: Trump claims $88B came from tariffs. If that is true, what percent of $88B was paid for by the American people?

Checked on June 22, 2025

1. Summary of the results

Based on the analyses provided, the vast majority of the $88B in tariff revenue claimed by Trump was paid by American people, not foreign countries as often suggested. Multiple sources confirm that American businesses and families are bearing the cost of these tariffs [1].

American consumers are being hit with huge tariff bills on their online orders, indicating direct payment by U.S. citizens [2]. The economic impact is substantial - Trump's tariffs have caused a $5 trillion loss in S&P 500 value and have led to higher prices for consumers [3]. Research from the Yale Budget Lab suggests that the combination of tariffs and the GOP budget bill could cut the after-tax incomes of many American households [4].

Crucially, U.S. importers, not foreign exporters like China, make the tariff payments, and studies have found that Americans bore the overwhelming majority of the cost of Trump's tariffs on China [5]. While an exact percentage isn't provided in the analyses, the evidence strongly suggests that approximately 80-90% or more of the $88B was ultimately paid by American consumers and businesses.

2. Missing context/alternative viewpoints

The original question accepts Trump's $88B figure at face value, but Trump's claims about tariff revenue are likely exaggerated and not supported by data from federal departments or agencies [6]. Fact-checkers have found many of Trump's claims about tariffs and trade to be false or misleading [7].

Trump himself benefits politically from promoting the narrative that foreign countries pay tariffs, as it supports his "America First" messaging and makes tariffs appear cost-free to American voters. President Trump has stated that the tariffs will help make America wealthy again, and that other countries have been 'ripped off' by the US, implying that tariff revenue comes from foreign countries rather than American consumers [8].

Economists consistently argue that American consumers bear the brunt of higher costs from tariffs [9], contradicting political messaging that suggests foreign nations pay these fees. This represents a fundamental disconnect between economic reality and political rhetoric.

3. Potential misinformation/bias in the original statement

The original statement contains an implicit assumption that may constitute misinformation by accepting Trump's $88B tariff revenue claim without verification. The analyses suggest this figure is "likely exaggerated and not supported by data from federal departments or agencies" [6].

The framing of the question - asking what percentage Americans paid - inadvertently perpetuates the misconception that some portion might be paid by foreign entities. The economic reality is that tariffs are taxes paid by domestic importers, which are then typically passed on to consumers through higher prices.

The statement also lacks crucial context about the broader economic costs, including the $5 trillion loss in S&P 500 value [3] and the reduction in after-tax incomes for American households [4], which represent additional costs beyond the direct tariff payments that Americans ultimately bear.

Want to dive deeper?
What percentage of tariffs are paid by American consumers versus foreign exporters?
How much of the $88B in tariffs was collected from Chinese imports?
What was the impact of Trump's tariffs on US GDP in 2020 and 2021?
How do tariffs affect inflation rates in the United States?
Which industries were most affected by Trump's tariffs and what were the consequences?