What Trump Said

They broke the deal. They can’t do that. So they’ll be paying — if we don’t make the deal, nothing wrong with taking in over $100 billion a year, $100 billion, we never did that before.

False.

A Chinese delegation is expected to travel on Thursday to Washington to resume trade talks after negotiations had faltered. President Trump said on Wednesday on Twitter that he would be “very happy” to keep existing tariffs on Chinese products and fill government coffers with $100 billion in tariff revenue, a sentiment he repeated during a rally on Wednesday night in Panama City Beach, Fla.

That figure, however, is an exaggeration of an estimate. The Congressional Budget Office projected that tariffs would generate $74 billion in tariff revenue in 2019, nearly double the $41 billion from 2018.

Even if the nominal amount collected has never reached $100 billion — and still won’t this year — tariffs used to make up a much more significant portion of all federal revenue, almost a third in 1915. In comparison, the $74 billion in tariffs that the government will collect in 2019 is about 2 percent of total revenue.

What Trump Said

The last administration also signed a disastrous trade deal with South Korea that cost our country nearly 100,000 — but it was really 250,000 jobs. And if you remember, our secretary of state at the time and our president at the time said, “This will give 250,000 jobs.”

This is exaggerated.

Mr. Trump seemed to spontaneously revise his initial estimate of jobs lost because of the free trade agreement between the United States and South Korea, which was negotiated under President Barack Obama.