President Donald Trump has once again doubled down on his pro-tariff stance, calling opponents of tariffs “fools” while crediting his trade policy for the United States’ booming economy. Speaking at an economic policy address, Trump declared, “Without tariffs, we have none of the following,” emphasizing that tariffs are the foundation of America’s current prosperity.
According to the President, the U.S. is now “the richest and most respected country in the world,” with inflation at historically low levels, record stock market highs, and unprecedented growth in retirement savings. “401(k)s are the highest ever,” Trump stated, adding that the strong economy is benefiting millions of Americans.
Recent data backs up Trump’s claims of growing revenue from tariffs. According to Reuters, the U.S. government collected over $32 billion through tariffs in just three months, underscoring the administration’s aggressive trade strategy. Trump argued that these tariff revenues are playing a crucial role in strengthening the national budget and helping to offset the $37 trillion federal debt.
“We are taking in trillions of dollars and will soon begin paying down our enormous debt,” Trump said, highlighting his administration’s fiscal plans. He also announced that a dividend payment of at least $2,000 per person—excluding high-income individuals—would soon be distributed to Americans, a move aimed at sharing the benefits of the booming economy with the middle class.
Meanwhile, the U.S. stock market continues its record-breaking rally. Major indices are up 25% since their April 2025 lows, reflecting investor confidence in Trump’s economic policies. The surge in equity markets has further boosted consumer sentiment and retirement account balances across the nation.
Trump also pointed to “record investment in the USA,” noting that factories and plants are being built across the country as businesses respond to favorable trade and manufacturing policies. He described the current economic landscape as “a revival of American industry and confidence,” saying that tariffs have successfully driven companies to invest domestically.
Critics of tariffs often argue that they can raise consumer prices and hurt global trade, but Trump dismissed those concerns outright. “People that are against tariffs are fools,” he said, insisting that tariffs have become a key instrument for economic independence and national strength.
With the U.S. economy expanding, inflation contained, and markets at all-time highs, Trump’s tariff policy appears to be shaping a new era of American economic nationalism—one where the administration claims it can achieve both prosperity and fiscal responsibility.
Disclaimer:This article is based on statements made by U.S. President Donald Trump and data reported by Reuters. The information presented reflects publicly available sources and official remarks at the time of publication. It is intended for informational and news reporting purposes only and does not constitute financial, investment, or political advice. Readers are encouraged to verify information from official government releases and reputable news outlets before forming conclusions.
