On Saturday, Donald Trump, the former President of the United States, declared that tariffs are generating significant wealth and unparalleled national security for the nation.
In a post on his Truth Social platform, Trump also asserted that the trade deficit had allegedly dropped by 60%, a situation he described as unprecedented. He boasted about the country's gross domestic product (GDP) growing at a rate of 4.3% and climbing, claiming there was no inflation.
Trump concluded with his usual rhetoric, stating, "We are once again a respected nation."
However, recent data revealed that the consumer price index rose by 2.7% over the past year until November, suggesting a slight slowdown in inflation.
A Gallup poll recently indicated that only 36% of Americans approve of Trump's performance, with support coming from 89% of Republicans, 25% of independents, and a mere 3% of Democrats.
Trump's approval rating remains in the negative territory, having dropped to the lowest point of his second term last month, just above his personal low of 34% recorded in January 2021.
Additionally, 74% of the American public express dissatisfaction with the country's current state, largely due to a worsening economic outlook in recent months, as noted by the pollster.
Understanding the Impact of Tariffs and Approval Ratings
How have tariffs affected the U.S. economy according to Trump?
Trump claims that tariffs have created considerable wealth and unprecedented national security for the United States.
What is the current approval rating of Donald Trump?
A recent Gallup poll shows that only 36% of Americans approve of Trump's performance, with significant support from Republicans but much less from independents and Democrats.
What recent economic trend contradicts Trump's claim of no inflation?
The consumer price index rose by 2.7% over the last year until November, indicating a slight deceleration in inflation but contradicting Trump's claim of no inflation.