Trump boosts US economic policy with $5 trillion in global deals
According to a White House announcement on Wednesday, President Donald Trump has secured nearly 5 trillion in investments and trade commitments worldwide. Accompanying the online post was a video with a distinctly propagandistic tone praising the new administration's actions regarding imposed tariffs.
Donald Trump declared April 2, the day tariffs on cars imported to the USA were announced, a "day of liberation" for Americans. His speech on the matter was scheduled for 4 PM Eastern Time. Earlier on Wednesday, a video appeared on Trump's and the White House's social media accounts, applauding the direction taken by the new administration.
The short film features selected headlines from the press, online articles, and television program intros, which portray Trump's administration's actions in a favourable light. The video concludes with Trump's famous slogan, "America first."
White House: Tariffs are an effective tool of US policy
Meanwhile, the White House notes on its official website that "tariffs as a tool of US economic policy have proven effective, as confirmed by President Donald Trump's first term."
This decision, despite criticism from politicians and the media, brought the expected results. Studies have repeatedly confirmed that tariffs are an effective tool for achieving economic and strategic goals, the White House stated on April 2.
Furthermore, the White House emphasizes that "thanks to tariffs, American workers and companies have gained better competitive conditions in the international market." It also referred to the 2023 report by the US International Trade Commission, which analyzed the effects of tariffs from Trump's first presidency on importing goods worth over 400 billion CAD to the USA. The White House stresses that the study revealed that tariffs "limited imports from China, effectively stimulated production in the USA, and had a minimal impact on prices at the final stage of the supply chain."
