President Trump posted on social media Monday morning claiming oil prices, food prices, and interest rates are down, inflation is gone, and America is making “billions” from tariffs. None of that is true.
Here’s what’s really happening:
- Fuel and food prices are up. The latest federal data shows both energy and grocery costs increasing. Natural gas is up 2.5%, electricity 1.0%, and food continues to climb.
- Inflation is up. January’s inflation was 3%, higher than the month before.
- Unemployment is rising. Layoffs are accelerating across tech, retail, and manufacturing as market uncertainty grows.
- Americans, not other countries, pay for tariffs. Tariffs are taxes on imports. U.S. companies pay them, pass the costs to consumers, and Americans foot the bill.
- China just hit back. In direct response to Trump’s latest tariff hikes, China raised tariffs 34% on all U.S. goods, effective April 10.
The global economy is responding. Stock markets around the world are melting down, with $9.5 trillion in equity value wiped out. The S&P 500 and Nasdaq both fell more than 3% last week.
While the markets tanked, Trump spent the weekend golfing at a Saudi-backed LIV tournament—Saudi Arabia, the country that funded the September 11th attackers.
Trump is either dangerously delusional or he knows exactly what he’s doing—fueling instability, undermining our allies, and isolating the U.S. from global trade. Meanwhile, our friends around the world are making plans without us. Because we don’t make anything they need, and they can’t rely on us anymore.
The world is moving on. America can’t afford four more years of this chaos.
