“When I imposed historic tariffs on almost every country last April, critics said my policy would lead to a global economic crisis. Instead, (tariffs) contributed to the American economic miracle, we are rapidly building the greatest economy in the history of the world, and other countries are doing just fine!” – said Trump.
The president wrote that experts who predicted that tariffs would lead to a market collapse, massive inflation and a recession were wrong.
What tariffs did Donald Trump impose?
What economic achievements did Trump mention?
Who does Trump think will bear the costs of the tariffs?
What investments took place in the US thanks to tariffs?
He accused his predecessor Joe Biden of the economy he took over after him being “ravaged by his radical policies.” He emphasized that the US currently has “exceptionally low inflation” and “exceptionally high economic growth.” He boasted that in the third quarter of 2025, GDP growth amounted to 4.4%. despite the shutdown.
Trump mentioned that American exports increased by $150 billion, domestic steel production increased by over 300,000. tons per month, and China's share in American imports reached its lowest level since 2001. He also drew attention to, among others, to “record tax cuts, unprecedented regulatory cuts and pro-American energy policy.”
Donald Trump says new tariffs are a “tax”
The president wrote that WSJ has repeatedly maintained that the tariffs are nothing more than a “tax” whose costs will be borne by American consumers. He emphasized that such an analysis was wrong. He added that the data shows that the burden of tariffs fell mainly on foreign producers and intermediaries, including large non-US corporations.
According to Trump, “in many cases, countries that rely heavily on exports have had no choice but to shoulder the costs of tariffs.”
He noted that he used the tariffs to attract “huge” investments to the US. He summarized that in the first year of his presidency, external entities pledged to make investments in the United States worth $18 trillion.
He also mentioned that since the announcement of tariffs on almost all countries, he has concluded trade agreements, including: with China, Great Britain, the European Union, Japan and South Korea. These agreements, the president claimed, lowered barriers to American exports and led to a boom in stock markets.
