FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story
By PAUL WISEMAN and CHRISTOPHER RUGABER, AP Economics Writers
WASHINGTON (AP) — Looking back on the first year of his second term, President Donald Trump boasts that he has resurrected the American economy by imposing big import taxes on foreign products.
He made his case in a recent opinion piece in The Wall Street Journal, chiding the paper and critics, including mainstream economists, who predicted that tariffs would backfire, raising prices and threatening growth. “Instead,” the Republican president wrote, “they have created an American economic miracle.”
But the proof he offers is often off-base or wrong altogether.
Here’s a look at the facts around Trump’s assessment of tariffs:
CLAIM: “Just over one year ago, we were a ‘DEAD’ country. Now, we are the ‘HOTTEST” country anywhere in the world!’ ’’
THE FACTS: This is a standard statement from Trump. But the U.S. economy was hardly “dead’’ when Trump returned to office last year. And in Trump’s second term, it’s performed strongly — after getting off to a bumpy start.
