President Trump bragged Tuesday that his tariffs were responsible for the “great” surging US economy.
Trump took the victory lap just after the Commerce Department announced the economy had grown at a surprisingly strong 4.3% annual rate in the third quarter — marking the most rapid expansion in two years.
“The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY WILL ONLY GET BETTER!” Trump wrote in a Truth Social post.
“Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!! President DJT.”
Trump was quick to take credit after the latest reading showed gross domestic product — the economy’s total output of goods and services — from July through September was up from the 3.8% growth recorded last quarter.
Government and consumer spending, as well as exports, all increased, too.
Consumer spending, which accounts for about 70% of economic activity, rose to a 3.5% annual pace last quarter — an increase from the previous 2.5%.
Consumption and investment by the government also grew by 2.2%.
With Post wires
