“Trillions of Dollars are being taken in on Tariffs, which has been incredible for our Country, its Stock Market, its General Wealth, and just about everything else. It has been proven, that even at this late stage, Tariffs have not caused Inflation, or any other problems for America, other than massive amounts of CASH pouring into our Treasurys coffers. Also, it has been shown that, for the most part, Consumers arent even paying these Tariffs, it is mostly Companies and Governments, many of them Foreign, picking up the tabs. But David Solomon and Goldman Sachs refuse to give credit where credit is due. They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else. I think that David should go out and get himself a new Economist or, maybe, he ought to just focus on being a DJ, and not bother running a major Financial Institution.” @realDonaldTrump
Fact-Check Summary The Truth Social post makes several sweeping claims about tariffs: immense revenue, positive effects on the U.S. economy and stock market, non-existent inflation, and that foreign entities bear the burden. In reality, U.S. tariff revenue has never reached trillions in a single year; the current figure is $108 billion year-to-date, with long-term net […]