Trump says tariffs are the main reason for excellent US economic data

Summary

President Trump claims that tariffs are the main reason for the excellent U.S. economic data recently released, with the third quarter GDP growth at 4.3%, the fastest in two years.Sina Finance+ 2

Impact Analysis

So, Trump is basically using the recent GDP growth figures to validate his tariff policies, claiming they’re the reason behind the economic uptick. This is classic Trump, especially with elections looming—he’s framing tariffs as a win, despite mixed reviews from economists who argue these figures might mask underlying issues like economic weakness or a shrinking trade deficit due to reduced imports rather than increased exports. The timing is no coincidence; it’s a strategic play to reinforce his economic credentials. But let’s not overlook the skepticism from experts who point out that manufacturing jobs haven’t returned as promised, and the national debt hasn’t shrunk. For the portfolio, this means watching for potential volatility in sectors sensitive to trade policy shifts, like manufacturing and agriculture, and considering hedges against policy-driven market swings.JIN10+ 2