Posting on Truth Social, President Trump announced a major tariff victory, noting that an in-depth study into his tariff policies has found that the tariffs have had absolutely zero impact on inflation in America, with prices actually dropping despite the tariffs. The president took the opportunity to declare victory.
As background, ever since the president’s “Liberation Day” tariffs, “experts” of various sorts have predicted economic crisis and catastrophe, claiming that America will fall apart if American industry is encouraged and foreigners are encouraged to build factories here instead of abroad, so as to avoid tariffs.
That has not happened. Rather, it appears that the US Treasury has brought in huge amounts of tax revenue from tariffs while consumers haven’t faced overly higher prices from those same tariffs. Such is what the Council of Economic Advisers revealed in a new report on the tariffs and their effect (or lack thereof) on inflation.
Beginning his post in which he cheered the news of the report and what it shows about his tariffs, the president said, “A new Study by the Council of Economic Advisers (CEA), led by Highly Respected Chair, Dr. Stephen Miran, has found that Tariffs have had ZERO IMPACT on Inflation.”
Continuing, he argued that he had been right about tariffs all along, with the so-called “experts” wrong yet again, with import prices dropping rather than rising despite the new tariff regime. He said,
“In fact, the Study shows that Import Prices are actually DROPPING, just like I always said they would. The Fake News and the so-called ‘Experts’ were wrong again.”
Building on that, the president argued that things are humming along swimmingly in America, with foreign and domestic companies alike pouring investment into America so as to avoid tariffs. He said, “Tariffs are making our Country ‘BOOM.’ Many new Factories, Jobs, and TRILLIONS OF DOLLARS in Investments are pouring into the U.S.A.”
Concluding, he slammed Federal Reserve Chairman Jerome Powell for not cutting rates, saying, “Someone should show this new Study to “Too Late” Jerome Powell, who has been whining like a baby about non-existent Inflation for months, and refusing to do the right thing. CUT INTEREST RATES JEROME — NOW IS THE TIME!”
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In another Truth Social post about tariffs, the president announced that all countries aligning themselves against America will see themselves facing far higher tariffs. He said, “Any Country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% Tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!”
And, in yet another post on the matter of Jerome Powell and his refusal to cut the federal funds rate, which Trump thinks would help create more growth in America, the president angrily wrote that Powell is costing America money and growth opportunities. He said, “Our Fed Rate is AT LEAST 3 Points too high. ‘Too Late’ is costing the U.S. 360 Billion Dollars a Point, PER YEAR, in refinancing costs. No Inflation, COMPANIES POURING INTO AMERICA. ‘The hottest Country in the World!” LOWER THE RATE!!!'”
Watch CNN get wrecked when trying to push an anti-tariff message: