Following a series of recent victories at the Supreme Court, President Donald Trump held an extended press briefing to express satisfaction over the outcomes and address a range of policy issues, including trade, manufacturing, and economic growth.
During the session, attention was drawn to President Trump’s long-criticized tariff policies, which he argued have resulted in significant economic gains for the United States.
According to reports, a prominent economist who had previously criticized the tariffs changed his mind after realizing how beneficial they were. In reaction to this change, former President Trump stated that he had thought the question was one of the most important, especially after years of what had been called personal attacks. It was further asserted that while hundreds of billions of dollars were allegedly received, inflation had not been seen.
When pressed on concerns that tariffs may have contributed to recession fears, the president dismissed the claims, urging critics to “go back to business school.” He emphasized that substantial revenue was being generated through tariffs, particularly on imports from China and other countries.
Trump recounted an anecdote involving a senior House official who reported what appeared to be a financial discrepancy. After a review, it was discovered that the additional revenue—totaling $88 billion—stemmed from tariff collections. Trump explained that there’s so much money coming in, and that they thought there was an accounting error.
The president also highlighted the broader impact of his trade strategy, noting that it has encouraged a wave of domestic investment. He claimed that auto plants, artificial intelligence projects, and manufacturing operations are now being brought back to the U.S. from Europe and Asia. “We have over $15 trillion, just about, Scott. I think we’re right about that number,” Trump said.
Trump asserted that despite the tariff policy, diplomatic efforts had achieved over $5 trillion in partnerships and investments, citing meetings with officials from Saudi Arabia, Qatar, and the United Arab Emirates. He made a suggestion that global stakeholders were keeping a careful eye on the next presidential election because they understood the potential economic benefits of Trump’s presidency.
The president also mentioned a recent meeting with Texas Instruments, where company officials reportedly pledged a $60 billion investment in plants and equipment. Trump stated his commitment to maintaining tariffs reassured them.
According to Trump, businesses have expressed concern that tariffs may be repealed under a different administration. He responded with a pledge stating that they were going to guarantee it’s never going to be taken off.
The remarks reinforced President Trump’s broader message, framing the tariffs not only as a revenue-generating tool but also as a strategic asset to revive American industry, attract investment, and safeguard national interests in the global economy.
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