Statement: The U.S. is “taking in almost $2 billion a day in tariffs.” Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue.

For weeks, President Donald Trump has plowed ahead with plans to impose steep new tariffs on imports despite warnings that the policy could trigger economic chaos. On April 9, after a multiday plunge in global stock markets,