#TrumpTariffs Trump Claims, "Because of tariffs, our Economy is Booming."
President Trump claims tariffs are boosting the U.S. economy, but a new OECD report says otherwise. Global growth is expected to drop from 3.3% to 2.9%, with U.S. growth falling sharply to 1.6%. Economists blame rising trade barriers, inflation, and market instability caused by Trump's aggressive tariff policies.
Trump's "Liberation Day" tariffs on China and steel imports triggered a trade war, leading to steep retaliatory taxes and market volatility. A recent court ruling went against the policy, but tariffs remain in place during appeal. Trade ministers from 38 countries will meet in Paris to try to ease tensions.$USDC