In his message broadcast on TruthSocial, United States President Donald Trump stressed that the country’s Supreme Court should not annul his trade measures and stressed the importance of keeping these measures in force for the continuity of economic growth. This statement comes after the release of preliminary data for the third quarter, which reflected annualized gross domestic product (GDP) growth of 4.3%. The estimate said that increase exceeded the 3.2 percent forecast of analysts previously surveyed, including the 61 Bloomberg economists who did not foresee the final result.
As media reports, Trump attributed the growth in GDP and the strengthening of various macroeconomic indicators mainly to the tariff policies implemented by his administration as well as his tax reforms. “Tariffs are responsible for the excellent U.S. economic numbers just announced…AND THEY ONLY GET BETTER!” The president posted on his social network. The President emphasized that this acceleration occurred without inflationary pressures and reiterated that national security has remained robust during this period.
The Commerce Department’s Bureau of Economic Analysis report was originally scheduled to release this data on October 30, but the federal government shutdown delayed the release. According to preliminary data from the agency, quarterly GDP growth reached 1.1% between July and September compared to the previous quarter. In annualized terms, growth was the best in two years.
According to the source, several factors influenced this favorable economic outcome, including increases in consumer spending, exports and government spending. On the other hand, there was a decrease in investments and a decrease in imports, which, when deducted from the calculation of GDP, contributed to the improvement of the trade balance. Regarding these variables, Trump said: “Consumer spending is STRONG, net exports are up sharply, imports and trade deficits are down significantly and there is no inflation!”
The president also highlighted the impact of his tax bill, describing it as “the big and beautiful budget.” He emphasized that the combination of his tax reforms and the introduction of tariffs achieved record investments. Trump called the economic moment under his administration a “golden age” and said he expected even better results to come.
The media pointed out that the US statistical system prefers to use annual figures to measure GDP growth as reflected in official data. As the President emphasized, economic progress was driven more by consumption and export impulses than by private investments, which suffered a slight decline.
In the messages released, Trump urged the Supreme Court to uphold its guidelines, arguing that a repeal could undermine the stability achieved. “Pray for the U.S. Supreme Court!” he wrote in his post, emphasizing the institutional relevance of the decision on the current trade measures.
Finally, the reported information detailed that for Trump, the favorable difference compared to the forecasts of the main analysts and the reduction in trade deficits have their origin in the combination of trade and financial policies that he has pursued since the beginning of his term in office. The president emphasized that, in his opinion, the US economy is “moving forward at full speed” and emphasized that the effects of the measures have not yet reached their full potential.
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