According to the liberal rhetoric during the 2016 campaign season, the economy was set to crash the moment Trump took office. But much to the Democrats’ dismay, that has not been the case.
In fact, our national GDP has increased by 4.1 percent in the second quarter — the largest jump we’ve seen since 2014. Many have attributed this increase to the Trump administration’s iconic tax cuts.
Why It’s Happening
A major focus for Trump during his 2016 campaign was his promise to improve trade relations with other nations and make things fairer.
Slowly but surely, Trump has been pulling back on bad deals and getting much more favorable terms for the United States.
On several occasions, he put all his chips in the middle and dared countries to call him on his bluff.
So far, everyone has caved and given Trump exactly what he wanted.
We have seen a dramatic increase in exports in anticipation of tariffs Trump plans on implementing to level the trade game with our trading partners.
Of course, there is also the tax break.
Consumers are taking home more money, giving them more to spend and invest.
The same can be said for businesses.
Experts have stated the increase would have actually been bigger if it had not been for rising inflation.
Trump VERY Happy
As expected, President Trump was all smiles when the GDP was publicly announced.
“We’re on track to hit the highest annual growth rate in over 13 years,” the president said. “And I will say this right now and I will say it strongly, as the deals come in one by one, we’re going to go a lot higher than these numbers, and these are great numbers.”
The “deals” to which Trump referred are the trade deals he has been touting since day one.
When Trump removed the United States from the Trans-Pacific Partnership, liberals could not believe he actually delivered on his promise.
NAFTA is next up on the chopping block.
Earlier this month, Trump hinted he could sign it now, but he wants to wait until after midterm elections.
Trump also had a major victory over the EU.
The president threatened to implement massive tariffs if the EU did not offer the United States more favorable terms.
After posturing, the EU eventually backed down, and the group is now working with the Trump administration to create a zero-tariffs agreement.
That counts for another victory in our book.