Trump's tariff triumph: $5 trillion boost hailed by White House
According to a White House announcement on Wednesday, President Donald Trump has secured nearly five trillion dollars in investments and trade commitments from around the world. This announcement was accompanied by an online video with a notable propagandist tone, applauding the new administration's actions concerning imposed tariffs.
Donald Trump declared 2nd April, the day tariffs on cars imported to the USA were announced, a "day of liberation" for Americans. His speech on this matter was scheduled for 9 PM Greenwich Mean Time. Earlier on Wednesday, a video lauding the path taken by the new administration was shared on Trump's and the White House's social media accounts.
The short video features selected headlines from the press, online articles, and television programme intros, positively portraying the Trump administration's actions. It concludes with Trump's renowned slogan, "America first."
White House: Tariffs are an effective tool of US policy
Meanwhile, the White House reports on its official website that "tariffs as a tool of US economic policy have proven effective, as evidenced by President Donald Trump's first term."
According to a statement released by the White House on 2nd April, the policy—though met with criticism from both political figures and the media—ultimately delivered the intended results. Research has repeatedly demonstrated that tariffs serve as a powerful tool for advancing both economic and strategic goals.
Furthermore, the White House emphasises that "thanks to tariffs, American workers and companies have gained better competitive conditions in the international market." It also referenced the 2023 report by the US International Trade Commission, which analysed the effects of tariffs from Trump's first presidency on importing goods worth over three hundred billion dollars to the USA. The White House highlights that the study indicated 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.
