Tariffs, Tax Cuts Drive Turnaround !

Former US President Donald Trump, while addressing supporters in Iowa, claimed that inflation has been defeated and the US southern border is now “totally closed.” He said his administration delivered the “most dramatic one-year turnaround in history,” crediting tariffs, tax cuts, and trade policies for economic growth. Trump asserted that incomes were rising, investments were soaring, and the US was once again respected globally. He highlighted stock market gains, claiming 52 all-time highs and an addition of $9 trillion to retirement savings, contrasting it with what he called weak investment inflows during the previous administration.

Trade and agriculture were major themes in Trump’s speech. He said the trade deficit was reduced by 77 percent and announced major export commitments, including ethanol supplies to Japan and the UK, beef exports to Australia, and large soybean purchases by China. Trump also emphasized farmer support through $12 billion in farm relief and pledged backing for year-round E15 ethanol. On immigration and public safety, he claimed historic drops in crime and overdose deaths, asserting that strict border control and law enforcement policies drove these outcomes. The speech was aimed at energizing voters ahead of the midterm elections.