FACT FOCUS: Trump says tariffs have created an economic miracle. The facts tell a different story

President Donald Trump claims his tariffs have revived the U.S. economy, calling it an “American economic miracle.” He argues that tariffs have boosted growth and reduced inflation. However, the facts tell a different story. The U.S. economy was already growing before his second term. During the first three quarters of the year, Trump’s tariffs — or the threat of them — delivered mixed results for the American economy. Inflation figures are skewed by data disruptions, and tariffs have actually increased core goods prices. Trump also claims foreign producers bear most tariff costs, but studies show U.S. consumers and firms are affected.