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    Trump’s Economic Triumph: Tariffs Fuel Boom, Silencing the Skeptics

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    In a resounding vindication of President Donald Trump’s bold economic agenda, economist Peter St. Onge highlighted the U.S. economy’s scorching performance on X, declaring, “GDP is on fire, hitting 3.8% for the rest of the year.” (Vid above) 

    St. Onge, a vocal proponent of free-market principles with an Austrian economics bent, mocked the so-called “experts” who predicted Trump’s tariffs would tank the economy. Instead, as Federal Reserve rate cuts kick in and trillions in new investments pour into America, 2026 is shaping up to be a blockbuster year for growth. This isn’t just hype—it’s the reality of America First policies in action, proving that strategic protectionism, deregulation, and tax cuts can supercharge the world’s largest economy.

    Trump’s return to the White House in January 2025 marked a swift pivot from the Biden-Harris era’s regulatory stranglehold and inflationary spending sprees. Central to his strategy: tariffs aimed at curbing unfair trade practices, particularly from China, Mexico, and Canada. Critics on the left—and even some establishment Republicans—warned of doom. They claimed higher import duties would spike inflation, crush consumer spending, and trigger a recession.

    Remember the hysteria? Economists from elite institutions prophesied supply chain chaos and job losses. Yet, as St. Onge points out in his video analysis, the Bureau of Economic Analysis revised second-quarter GDP growth upward to a robust 3.8%, driven by surging consumer spending and a drop in imports—meaning more dollars staying home to bolster domestic producers. Continued below this next clip

    President Trump is delivering a Golden Age economy. GDP was revised upward to a very strong 3.8% for the second quarter, driven by high consumption and retail. The CapEx Comeback is building momentum, with capital spending up roughly 15% since the year began. The best part? The private sector and the American people – not the government – are the beneficiaries.

    This revision wasn’t a fluke. Initial estimates pegged Q2 growth at 3.0%, but updated data revealed Americans spending more vigorously, with household demand rising at a 2.5% rate—far exceeding prior projections Breitbart News celebrated this as “The Trump Effect,” attributing the surge to tax cuts, deregulation, tariffs, and energy independence initiatives.

    Townhall echoed the sentiment, noting that wages are climbing 3.8% annually while inflation hovers at a tame 2.3%, defying fears that tariffs would fuel price hikes. In fact, the Wall Street Journal reported that the economy’s spring performance was the strongest in nearly two years, with stocks like the S&P 500 and Dow hitting records post-revision. Trump’s tariffs, often derided as protectionist relics, are proving to be a masterstroke. By imposing duties averaging 19.5% on imports by late August 2025, the administration has encouraged reshoring and penalized dumping.

    Far from cratering growth, these measures have shifted economic activity inward. St. Onge explains that while first-quarter GDP dipped due to import front-loading ahead of tariffs, smoothing the data shows 1.9% annual growth for 2025—a respectable figure given mass deportations and federal layoffs that mechanically subtract from GDP but enhance real productivity. Deporting an estimated 2 million illegal immigrants and trimming 200,000 bureaucratic jobs eliminates “fake GDP” from welfare and non-productive spending, paving the way for genuine prosperity. The naysayers have been thoroughly debunked. Back in April, amid escalating trade tensions, forecasts called for just 0.5% growth—teetering on recession.
    Fox News opinion pieces have gleefully pointed out how the left’s doomsday predictions fell flat, with Trump’s America thriving on low inflation and boosted consumer confidence. Even the OECD, often critical, acknowledged a less sharp slowdown than expected, though they warn of 2026 impacts—warnings conservatives dismiss as biased against protectionism. Peter Navarro, a key Trump advisor, argues that the Congressional Budget Office’s pessimistic projections ignore dynamic scoring: Trump’s policies are set to generate trillions in surplus, not debt, through accelerated growth.
    Adding rocket fuel to this boom are Federal Reserve rate cuts. Trump has openly pushed for lower rates, and the Fed delivered, slashing the overnight rate by a quarter-point in September 2025, with more on the horizon. St. Onge calculates that every percentage point cut yields about 850,000 jobs and 0.5% GDP boost. Markets anticipate a full-point reduction, with Trump advocating for two—potentially unlocking massive employment gains. Trump’s Fed nominee, Stephen Miran, argues tariffs won’t spike prices, allowing resumed cuts paused earlier in the year.
    This dovish stance contrasts with critics like hedge fund manager Ken Griffin, who bashed Trump’s policies, but markets have brushed off such noise, with stocks rising despite sticky inflation and new tariffs. Then there’s the investment tsunami. Trump’s arm-twisting has secured at least $4 trillion in new commitments, dwarfing typical annual output. Companies like Apple and Taiwan Semiconductor are building U.S. factories, extorted from allies like Japan and Europe via trade deals. Historically, every trillion invested creates over a million jobs. Oil production, up just 2% so far due to permitting lags, is poised to surge as deregulation accelerates.

    St. Onge predicts “monster numbers” by 2027, especially with midterms looming in 2026.This isn’t Trump’s first rodeo. During his initial term, similar policies delivered record-low unemployment, wage gains for blue-collar workers, and energy dominance. Now, amplified by DOGE (Department of Government Efficiency) reforms, the agenda is even bolder. Congress’s failure to slash spending more aggressively is a missed opportunity, but deregulation—though slower than hoped—is gaining traction.

    The Wall Street Journal notes that Trump’s tariff bets are paying off, with the economy humming despite global headwinds. Skeptics still lurk, warning of long-term costs or “liquidationist” approaches that could prune weak sectors. But conservatives counter that short-term pain yields enduring strength. Business investment may dip amid uncertainty, but consumption remains robust at 2.6% real growth. The Daily Wire reports the economy smashed Q2 forecasts thanks to a shopper spending spree, crediting Trump’s pro-growth stance.

    As St. Onge concludes, the doomcasters praying for a slump are hardest hit. Trump’s policies are delivering: tariffs protect jobs, cuts unleash capital, and investments rebuild industry. With GDP on fire and epic growth ahead, America is reclaiming its economic throne. The left’s narratives lie in ruins, buried under a mountain of prosperity.

    Links

    Mal Antoni and Ben at Whatfinger News

    Want to know more?

    Minds on the Markets: The Economy is On Firmer Ground Than Some Suspect

    For HOURS of fun – Steve Inman as well as other humor, quick smile clips , more – Whatfinger’s collection

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