The Truth Behind Trump's Economic Claims

U.S. President Donald Trump has proudly touted tariffs as his "favorite word," insisting they play a crucial role in stimulating investment during his administration. He recently claimed that over $12 trillion had been "practically committed" under his watch, an astonishing figure that, if accurate, would dwarf previous years’ investments.

But is this uptick in business spending truly the dawn of a new economic era, or just smoke and mirrors?

Is It Too Soon to Celebrate?

Experts caution that it’s too early in Trump’s tenure to have concrete data backing his claims. Official statistics on business investment only emerge quarterly, and the early figures show an increase that analysts attribute partly to anomalies, such as a prolonged Boeing strike.

Economist Nick Bloom from Stanford University expresses skepticism, suggesting that much of this spending was likely planned before Trump’s election. "It’s hard to see a substantial increase in business investment given the high levels of uncertainty in the market,