The U.S. economy has never been stronger
Trump repeated some version of this claim 407 times
Hover over Pinocchio to read a claim
In June 2018, the president hit upon a new label for the U.S. economy: It was the greatest, the best or the strongest in U.S. history. The president can certainly brag about the state of the economy, but he runs into trouble when he repeatedly makes a play for the history books. By just about any important measure, the economy today is not doing as well as it did under Presidents Dwight D. Eisenhower, Lyndon B. Johnson or Bill Clinton — or Ulysses S. Grant. Read more
Is this the 'best economy ever'?
The U.S. has started building the wall
Trump repeated some version of this claim 262 times
President Trump has sought $25 billion to fund his long-promised wall along the southern border. But Congress has not given it to him. There was nearly $1.6 billion included in the appropriations bill he signed early in 2018 for border protection, but the legislative language was specific: None of the funds could be used for Trump’s border wall prototypes. Instead the money was restricted to fencing, and it was generally used for replacement fencing. He also frequently overstates the amount of money he has obtained for the nonexistent wall. Read more
Has construction of Trump's border wall started?
The Trump tax cut was the biggest in history
Trump repeated some version of this claim 232 times
Even before President Trump’s tax cut was crafted, he promised it would be the biggest in U.S. history – bigger than Ronald Reagan’s 1981 tax cut. Reagan’s tax cut amounted to 2.9 percent of the gross domestic product and none of the proposals under consideration came close to that level. Yet Trump persisted in this fiction even when the tax cut was eventually crafted to be the equivalent of 0.9 percent of GDP, making it the eighth largest tax cut in 100 years. This continues to be an all-purpose applause line in the president’s rallies. Read more
No, President Trump's tax cut isn't the 'largest ever'
Billions from tariffs
Trump repeated some version of this claim 188 times
Trump regularly brags that the United States reaps billions of dollars from tariffs he has imposed on other countries, such as China But the tariffs — essentially a tax — are generally paid by importers, such as U.S. companies, who in turn pass on most or all of the costs to consumers or producers who may use Chinese materials in their products. So, ultimately, Americans are footing the bill for Trump’s tariffs, not the Chinese. Moreover, the China tariff revenue has been completely swamped by payments the government has made to farmers who lost business because China stopped buying U.S. soybeans, hogs, cotton and other products in response. Read more
Has the Treasury Department made 'billions and billions' from tariffs? | Fact Checker
Overstating the impact of U.S. trade deficits
Trump repeated some version of this claim 183 times
President Trump frequently overstates the size of trade deficits. But he tips into Four-Pinocchio territory with his repeated use of the word “lost” to describe a trade deficit. (Alternatively, he sometimes says China “made” or “took out” $500 billion.) Countries do not “lose” money on trade deficits. A trade deficit simply means that people in one country are buying more goods from another country than people in the second country are buying from the first country. Trade deficits are also affected by macroeconomic factors, such as currencies, economic growth, and savings and investment rates. Read more
Fact-checking Trump's tough trade talk
Inflating our NATO spending
Trump repeated some version of this claim 128 times
During the presidential election, Trump consistently inflated the U.S. contribution to the North Atlantic Treaty Organization. Once he became president, his inaccuracy has persisted, but with a twist. He often claims that “billions and billions” of dollars have come into NATO because of his complaints. All that is happening is that members have increased defense spending as a share of their economies — a process that was started before Trump even announced his candidacy. Read more