Tag: trade policy criticism

  • Trump’s ‘Roaring Economy’ Claims Crumble Under Weight of New Polling Data and Reality

    Donald Trump silhouetted against screens reading 'DOW JONES FALLING', 'S&P 500 CRASH', and 'ECONOMIC TURMOIL'.

    New Reuters/Ipsos and Washington Post polls reveal 68% of Americans reject Trump’s “roaring economy” claims, while data shows tariffs cost households $1,000 annually. Analysis of State of Union economic promises versus reality.

    Blue Press Journal – During his State of the Union address Tuesday, President Donald Trump declared the U.S. economy was “roaring like never before.” Yet comprehensive new polling reveals a stark disconnect between administration rhetoric and the financial reality facing American households.

    According to a Reuters/Ipsos poll released Friday, 68% of Americans reject the characterization that the economy is “booming,” while an overwhelming 82% dispute the president’s assertion that there is “hardly any inflation.” Only 30% of the 4,638 respondents expressed confidence in current economic conditions. These findings align with a Washington Post/ABC News/Ipsos survey showing 57% disapprove of Trump’s economic stewardship, with 65% specifically criticizing his inflation management.

    The skepticism extends to trade policy, with 64% disapproving of Trump’s tariff agenda. Despite campaign promises that foreign trading partners would absorb these costs, research from the Kiel Institute for the World Economy demonstrates that American consumers and importers bear 96% of tariff expenses. The Tax Foundation estimates these policies already cost the average U.S. household $1,000 in tax increases for 2025, with costs poised to escalate further.

    This economic burden persists even as the Supreme Court recently struck down the bulk of Trump’s levies as an “illegal” overreach of the International Emergency Economic Powers Act. Undeterred, the administration imposed a 10% global tariff under alternative trade authorities and signaled potential increases to 15%, despite the judiciary’s rebuke.

    As policy costs mount and public confidence plummets, the gap between presidential proclamations and kitchen-table economics continues to widen, raising serious questions about the sustainability of Trump’s economic vision.