✔️ President Donald Trump posted on Truth Social that U.S. tariffs are creating “GREAT WEALTH,” boosting economic growth, cutting the trade deficit, strengthening national security, and reducing inflation.
He highlighted:
A reported 4.3 % GDP growth rate (fastest in two years).
Trade deficit purportedly cut by ~60%.
Strong tariff revenue flowing into the U.S. Treasury.
📉 But the Broader Picture Is Mixed
While Trump credits tariffs with economic success, other indicators show challenges:
1. Corporate Struggles & Bankruptcies
Corporate bankruptcies in the U.S. have surged, with tariffs cited as a factor contributing to higher costs for businesses.
2. Slipping Consumer Confidence
Consumer sentiment dropped to its lowest level since tariffs began, with inflation and tariff concerns weighing on public confidence.
3. Trade Policy Impact
Trump’s tariff regime has marked the biggest shift in U.S. trade policy in decades, with average rates rising sharply.
📊 Independent Perspectives
Economists generally warn that tariff revenue alone doesn’t equate to broad “wealth” for households, and tariffs often lead to higher prices for consumers and disruptions for import-dependent industries.
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