Published Date: 16.04.2025 04:27 / Politics

Trump Highlights Record Tariffs, Lower Inflation

Trump Highlights Record Tariffs, Lower Inflation

United States President Donald Trump announced that the country is collecting record levels of tariff revenue, even as consumer prices on essential goods continue to decline. In a post on Truth Social, Trump emphasized that inflation is down and key costs, including gasoline and groceries, are decreasing across the board.

“The United States is taking in RECORD NUMBERS in tariffs, with the cost of almost all products going down, including gasoline, groceries, and just about everything else. Likewise, INFLATION is down. Promises Made, Promises Kept!” Trump wrote.

The president framed the developments as a sign of his administration’s success in delivering on economic campaign promises. His statement came just days after he announced a temporary 90-day pause on planned tariff increases for most countries. However, the current base tariff rate of 10% remains in place.

Trump’s tariff policy continues to draw global attention, particularly regarding China, which now faces a 125% tariff under the revised structure. Meanwhile, goods traded under the United States-Mexico-Canada Agreement (USMCA) remain tariff-free, provided they meet compliance standards. Non-compliant goods from USMCA partners are subject to a 25% tariff.

The announcement follows broader efforts by the Trump administration to manage inflation while using tariffs as a tool to boost domestic production and protect U.S. industries. Trump’s emphasis on economic gains, particularly in consumer affordability, reflects his ongoing message of “Promises Made, Promises Kept” as he continues to highlight policy outcomes under his leadership.