Fact check: Could Trump’s trade tariffs pay off the US deficit? | Donald Trump News

One of the Trump administration’s biggest tariff boosters, Commerce Secretary Howard Lutnick, recently said tariffs will not only energise the industrial sector in the United States but also help the government’s finances.

During a July 20 interview on CBS’s Face the Nation, Lutnick told host Margaret Brennan that the US is collecting close to $30bn a month in tariffs. “You got to remember – this is going to pay off…