Millions of Americans braced for runaway inflation in response to President Trump's aggressive import tariffs. They're still waiting.

President Donald Trump delivered a speech live from the White House on Wednesday night where he discussed his achievements and touched on some of his agenda for next year and beyond.

President Donald Trump this year unilaterally imposed, without congressional authorization, what he calls reciprocal tariffs and fentanyl tariffs on imports.

During his address to the nation, US President Donald Trump credited his "favourite word" in English language 'tariffs' behind successfully "ending eight wars in 10 months". He insisted tariffs were boosting the American economy despite his falling popularity and skyrocketing inflation.

U.S. Customs and Border Protection said it collected over $200 billion in tariffs revenue under the Trump administration through enhanced enforcement.

President Donald Trump said in a White House speech Wednesday night that he was sending a $1,776 bonus check to US troops for Christmas, indicating that tariffs were funding the payments as he tried to reassure a worried public about the health of the economy.

On the evening of Thursday, December 11, President Donald Trump took the floor at the Congressional Ball at the White House. He spoke about tariffs, trade, and what he said was a dramatically shrinking deficit.

Tariffs have generated less than $300 billion in new tax revenue, and other claimed investments don't come close to the president's tally.