Donald Trump was giddy last night and couldn’t resist bragging about how he claims the U.S. economy is “booming” under his leadership and policies.
“Because of Tariffs, our Economy is BOOMING!” he wrote. He also re-posted a previous entry saying, “With the help of Patriots like you, we’re going to produce our own metal, unleash our own energy, secure our own future, build our Country, control our destiny and we are once again going to put Pennsylvania steel into the backbone of America like never before!”
A couple of hours later, Trump’s victory lap turned into four flat tires as new economic data suggested his trade policy and harebrained tariffs are causing the American economy to contract, according to The Daily Beast.
“The Paris-based OECD released a forecast predicting global economic growth will slow to 2.9 percent this year, down from 3.3 percent in 2024. The U.S. economy, in particular, is expected to see its growth slow from 2.8 percent to just 1.6 percent, Bloomberg reported.”
“The OECD’s economists cited Trump’s tariff chaos as the major driver of the gloomier outlook. The combination of trade barriers and economic uncertainty is lowering confidence and hurting investment, while adding to inflationary pressures, the report said.”
If the Bloomberg report wasn’t bad enough, Trump was also heavily trolled for his premature post about how great things are going with him as president.
