- By Shivangi Sharma
- Mon, 07 Apr 2025 06:32 PM (IST)
- Source:JND
US President Donald Trump has once again backed his aggressive tariff policies, claiming they are revitalising the American economy by bringing in billions of dollars weekly, without contributing to inflation. In a post that echoed his trademark "Make America Great Again" (MAGA) rhetoric, Trump insisted that tariffs are working, despite expert concerns over a possible recession and market instability.
“There is NO INFLATION,” Trump declared on social media, dismissing fears over rising prices. He asserted that the US is earning “billions of dollars a week” through tariffs placed on “abusing countries,” singling out China as the primary offender. Calling the move a “beautiful thing,” he maintained that Americans would one day recognise the benefits of his protectionist trade policy.
Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place. This is…
— Donald J. Trump Posts From His Truth Social (@TrumpDailyPosts) April 7, 2025
This comes as China responded to US tariffs with a 34 per cent levy on American imports starting April 10, a retaliatory move that has sparked concerns among economists about a potential trade war escalation. Trump, however, criticised China’s decision, labeling the country “the biggest abuser of them all” and blaming past U.S. leaders for allowing such trade imbalances.
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Markets Spiral, Trump Blames Past Leadership
Despite a turbulent week for global financial markets, Trump attributed economic problems to prior administrations, not his policies. He claimed that oil and food prices were down, interest rates were low, and that inflation was simply not an issue, contrary to what financial analysts and central banks have suggested.
“Our past ‘leaders’ are to blame for allowing this, and so much else, to happen to our Country,” Trump said. “They’ve made enough, for decades, taking advantage of the Good OL’ USA!”
Message To The Fed
In addition to defending tariffs, Trump called on the Federal Reserve to cut interest rates. Labeling the central bank as “slow-moving,” he suggested that further rate cuts would support the economy, especially as the US navigates trade tensions and global market volatility.