Trump credits tariffs with boosting economy as rapid growth reported, says numbers will ‘only get better’

2 hours ago 2

President Trump touted Tuesday that his tariffs were responsible for the “great” surging US economy.

Trump took the victory lap just after the Commerce Department announced the economy had surged at a surprisingly strong 4.3% annual rate in the third quarter — marking the most rapid expansion in two years.

“The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY WILL ONLY GET BETTER!” Trump wrote in a Truth Social post.

U.S. President Donald Trump speaks at a microphone.President Trump gloated Tuesday that his tariffs were solely responsible the “great” surging US economy. REUTERS
A screenshot of a post by Donald J. Trump on X (formerly Twitter) stating "The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED...AND THEY WILL ONLY GET BETTER! Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!! President DJT".Trump took the victory lap just after the Commerce Department announced the economy had surged at a surprisingly strong 4.3% annual rate in the third quarter — marking the most rapid expansion in two years.

“Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!! President DJT.”

Trump was quick to take credit after the latest reading showed gross domestic product from July through September — the economy’s total output of goods and services — was up from the 3.8% growth recorded last quarter.

Government and consumer spending, as well as exports all increased, too.

Consumer spending, which accounts for about 70% of economic activity, rose to a 3.5% annual pace last quarter — an increase from the previous 2.5%.

Consumption and investment by the government also grew by 2.2%.

With Post wires

Read Entire Article