On January 27, 2026, during a campaign stop in Urbandale, Iowa, President Trump declared, “We’ve taken in $600 billion in tariffs,” and added, “I gave the farmers $12 billion last week,” presenting the payments as funded by tariff receipts. He repeated the $600 billion figure on Truth Social and defended tariffs as vital to U.S. financial strength and national security. Reporters and analysts immediately questioned the math: government tariff revenue is far lower, and reporting shows the recent $12 billion in farm aid was disbursed through other federal programs and appropriations, not directly from tariff receipts, and drew mixed reactions. (kcci.com)