“People are having more digital relationships so it kind of creates more space for that,” Schroeder said. “In this work-from-home environment, it can happen even easier because it’s real low risk.”
makes no secret of his love of tariffs. He heralds them as a way of bringing in revenue, striking back at countries he sees as taking advantage of the U.S. in trade, and as a cudgel to push countries to do what he wants. Even Canada and Mexico have been handed heavy taxes.On April 2, Trump announced
on nearly all trading partners, only to roll most of them back on April 9 after the stock market tanked.Still, he claims that tariffs, a tax on imported goods, are bringing in billions of dollars a day. On April 8, speaking at the National Republican Congressional Committee Dinner, he said, “We’re making a fortune with tariffs. $2 billion a day. Do you believe it? I was told $2 billion a day.”Here’s a look at the facts.
CLAIM: The U.S. is earning $2 billion per day from tariffs.THE FACTS: That’s false. Trump began raising tariffs in February. That
about $7.247 billion in customs duties were collected, or $258.82 million per day.
, the most recent monthly figure available, a total of about $8.168 billion in customs duties was collected, or approximately $263.48 million per day. A customs duty is aDespite the upheaval, Musk also fell far short of his goals. After promising to cut $1 trillion or even $2 trillion in federal spending, he lowered expectations to only $150 billion in the current fiscal year.
It’s unclear whether that target has been hit. The DOGE website tallies $175 billion in savings, but its information has been riddled with errors and embellishments.Musk had a bruise next to his right eye in the Oval Office, which he explained by saying he had been “horsing around” with his young son.
“I said, go ahead punch me in the face,” he said. “And he did.”Trump said Musk had led the “most sweeping and consequential government reform effort in generations.” He suggested that Musk is “really not leaving” and “he’s going to be back and forth” to keep tabs on what’s happening in the administration.