Recent Trump GDP, Tariffs And Inflation Data Defy Doomsday Predictions

The last few days mark a monumental “I told you so” moment for President Donald Trump’s economic policies. Surpassing expectations in consumer confidence, jobs, inflation, GDP and trade agreements, even some of Trump’s most virulent critics are reconsidering their hot takes.

Revenues from tariffs hit $150 billion on Tuesday, sparking legislation by Sen. Josh Hawley, R-Mo. He introduced the “American Worker Rebate Act,” which would issue $600 rebate checks to eligible Americans, including their children, to offset any costs associated with higher prices caused by the tariffs.

Treasury Secretary Scott Bessent recently estimated that tariff revenue could hit $300 billion by the end of the year and Trump expounded on the success of the tariffs when he told Just The News, “We’re taking in tremendous amounts of money. You saw that we had a $25 billion surplus last month. And the tariffs haven’t really started by comparison to what they will be. We’re doing them on cars right now, cars and steel, mostly, but the other ones kick in on August 1, and they’re very substantial.” Other nations that could be announcing trade deals with the United States include India and Vietnam.

Trump has now brokered important trade agreements with the United Kingdom, Japan, the Philippines, Indonesia, and as of today, South Korea. However, the European Union trade agreement might be the most significant deal yet. Shanker Singham, who served as a cleared advisor to the United States Trade Representative and the Department of Commerce, spoke to Just The News about its importance.