President Trump bragged Friday that his tariff blitz has “created an American economic miracle,” while blasting Democrats for handing him a “catastrophically” high budget deficit.
Trump shared his assessment of the economy in a Wall Street Journal op-ed, boasting that his sweeping tariffs transformed a “DEAD” nation into the “HOTTEST” in the world.
“When I imposed historic tariffs on nearly all foreign countries last April, the critics said my policies would cause a global economic meltdown,” the president wrote.
“Instead, they have created an American economic miracle, and we are quickly building the greatest economy in the history of the world, with other countries doing just fine!”
Trump took aim at his detractors and argued that he’s proved them wrong.
“Countless so-called experts, including those featured frequently in The Wall Street Journal, predicted confidently that the Trump tariffs would crash stock markets, crush economic growth, cause massive inflation, destroy American exports, and trigger a ‘worldwide recession,’ he continued.
“Nine months later, the results are in, every one of those predictions has proven completely and totally wrong. Since I was elected in 2024, we have had 52 stock market highs, with virtually not inflation. There has never been anything like it!”
Trump slammed former President Joe Biden, claiming his “radical policies” left the economy in ruins and that “trillions of dollars” in wasteful spending triggered the worst inflation in decades and the largest trade deficit in “world history.”
The commander in chief credited his tariffs with driving a 27% drop in the federal budget deficit and slashing the monthly trade deficit by a whopping 77%.
He also highlighted that American exports have jumped $150 billion, factory construction is up 42% since 2022, domestic steel production has risen by more than 300,000 tons a month, and China’s share of US exports has fallen to its lowest since joining the World Trade Organization in 2001.
“It was the tariff that made America strong and powerful in generations past, and its tariffs that are making our country stronger, safer and richer than ever before,” Trump wrote, touting his America-first policies.
“Given then results of the past year, and the spectacular economic numbers coming out every single day, perhaps it is time for the tariff skeptics at the Journal to consider putting on one of my favorite red hats — the one that reads, ‘TRUMP WAS RIGHT ABOUT EVERYTHING.’”
