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Trump Credits ‘Mister Tariff’ for Country’s Strength

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“President Trump, a lover of tariffs, has become even more enthusiastic about their benefits in recent weeks. In an economic speech in Detroit on Tuesday, Mr. Trump mentioned tariffs more than two dozen times, saying the levies had generated trillions of dollars of investment for the country. That followed a series of social media posts in which he credited them for the country’s strong economy, its declining trade deficit and its booming stock market,” the New York Times reports.

“But there is little evidence in the data to support the idea that tariffs are conveying broad economic benefits. U.S. growth has been strong in recent months, but economists say that has been driven primarily by the boom in artificial intelligence.”

Axios: Trump’s heavy hand tightens grip on U.S. economy.

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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