Stated on November 12, 2025 in an X post:

“My tariffs … are helping to slash the deficit this year by more than 25%.”

Trump said his tariffs "are helping to slash the deficit this year by more than 25%."

The federal deficit has not fallen by 25% during Trump’s second term. The fiscal year 2025 deficit was 2.3% smaller than the fiscal 2024 deficit. When considering only the portions of the fiscal 2025 year when Trump was president, the deficit was higher on his watch than during the comparable months in 2024 under Biden.

Trump has proposed using tariff revenue to fund dividends for the American public, which would eliminate any deficit-reducing impact the tariffs could have.



False.