Posting on his Truth Social platform, President Trump announced some great economic news that has come at a much-needed moment for him, given the growing furor over the Epstein mess made by the DOJ and Pam Bondi, and his tariffs finally starting to go into effect, which economists wrongly said would be a disaster.
As background, though many of the “Liberation Day” tariffs ended up being put on pause by the White House so that negotiations could happen, President Trump has ended up putting similar tariffs on most of the countries originally targeted by “Liberation Day” as the negotiations drag on. Economists claimed that the tariffs would wreck the economy, but so far there has been no inflationary impact and there was a monthly budget surplus for the first time in five years.
For example, on July 9, the president announced a massive new tariff on copper so as to encourage domestic copper mining and smelting while protecting our national security. He began, “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT.”
Continuing, he noted that copper is an integral component to most of our weapon systems and technological advances, from bullets to data centers, and so it is crazy that past administrations allowed the domestic copper industry to fall apart. He said, “Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even, Hypersonic Weapons, of which we are building many. Copper is the second most used material by the Department of Defense! Why did our foolish (and SLEEPY!) “Leaders” decimate this important Industry?”
Concluding, the president declared that tariffs would usher in a renewed domestic copper industry commensurate with our “Golden Age,” writing, “This 50% TARIFF will reverse the Biden Administration’s thoughtless behavior, and stupidity. America will, once again, build a DOMINANT Copper Industry. THIS IS, AFTER ALL, OUR GOLDEN AGE!”
The very next day he was able to announce great economic news vindicating his economic policies so far, noting that American assets have skyrocketed to new highs alongside the tariffs as investors look toward the future and get a sense of the great things in store for the country. He said, “Tech Stocks, Industrial Stocks, & NASDAQ, HIT ALL-TIME, RECORD HIGHS! CRYPTO, ‘Through the Roof.’ NVIDIA IS UP 47% SINCE TRUMP TARIFFS.”
Continuing, he noted that inflation is down and we are bringing in huge tax revenue through tariffs, writing, “USA is taking in Hundreds of Billions of Dollars in Tariffs. COUNTRY IS NOW “BACK.” A GREAT CREDIT! FED SHOULD RAPIDLY LOWER RATE TO REFLECT THIS STRENGTH. USA SHOULD BE AT THE “TOP OF THE LIST.” NO INFLATION!!!”
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In a post later that same day, the president called for the sort of federal waste-cutting that has many investors excited for America’s future. Posting about a recissions bill that would alter the BBB slightly, he called on Republicans to help him defund woke NPR and PBS, which he characterized as spreading Democrat propaganda.
Doing so in a strong post calling for courageous action on behalf of his Republican colleagues in the legislation, he wrote, “It is very important that all Republicans adhere to my Recissions Bill and, in particular, DEFUND THE CORPORATION FOR PUBLIC BROADCASTING (PBS and NPR), which is worse than CNN & MSDNC put together. Any Republican that votes to allow this monstrosity to continue broadcasting will not have my support or Endorsement. Thank you for your attention to this matter!”
Watch CNN get wrecked when trying to push an anti-tariff message: