US President Trump posted on October 24: "The US is again wealthy, strong, and secure, all thanks to tariffs! The most important case in history is currently being heard at the Supreme Court. God bless America!!!"
Comment: Trump's claim that the US is "wealthy and strong" due to tariffs completely ignores the reality that the cost of tariffs is ultimately borne by American businesses and consumers - it has already increased core inflation, causing American families to spend an extra $2,400 per year, and has exacerbated income inequality as a regressive tax. The so-called "most important case in history" is actually the Supreme Court reviewing whether Trump's tariff measures exceed his authority. If he loses, the Treasury may need to refund half of the tariffs. The claim of "national security" is merely rhetoric to legitimize his policies. Overall, the speech is filled with selective ignorance of economic realities and deliberate bundling with political narratives.
Original: www.toutiao.com/article/1846947828296776/
Statement: This article represents the views of the author alone.