— It is possible that Trump has based it on forecasts for the year ahead. The US imported $9bn (£7bn) worth of goods per day last year.Some analysts have calculated that the average rate of Trump's tariffs (as of 2 April) is 22%. Applying this to these import figures would get you to $2bn (£1.6bn) a day. But this calculation assumes that the volume of US imports would stay at this level.
— Chinese exports to the U.S. In 2024, goods China exported to the U.S. amounted to $439 billion. United States' trade deficit in goods with China in 2024 was $295 billion, less than one-third of Trump's $1 trillion total.
— It is possible that Trump has based it on forecasts for the year ahead. The US imported $9bn (£7bn) worth of goods per day last year.Some analysts have calculated that the average rate of Trump's tariffs (as of 2 April) is 22%. Applying this to these import figures would get you to $2bn (£1.6bn) a day. But this calculation assumes that the volume of US imports would stay at this level.
— While it is possible to arrive at varying totals using different ways to categorize or count the financial figures, none amounts to $350 billion. As of this writing, the United States had allocated nearly $183 billion for the response to Russia's 2022 invasion of Ukraine, according to the U.S. government's inspector general overseeing the situation. That amount includes more than just what the U.S. government directly sent to Ukraine — and only $83 billion had actually been paid out as of December 2024.
— DOGE's savings page launched with a topline claim of $55 billion saved, with "receipts" that accounted for about $16.5 billion in contract cancellations. But an NPR review found the documented savings were grossly overstated, including with an apparent $8 billion typo, the misleading inclusion of procurement methods that act as lines of credit and billions of dollars in contracts that were not actually terminated. By matching DOGE's claims with federal contract data, that NPR analysis found estimated savings of only about $2 billion — a fraction of what the receipts claimed or the higher, unverifiable claim of $55 billion overall.
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