“2Q GDP JUST OUT: 3%, WAY BETTER THAN EXPECTED! Too Late MUST NOW LOWER THE RATE. No Inflation! Let people buy, and refinance, their homes!” @realDonaldTrump
Fact-Check Summary President Trump’s TruthSocial post claims that second-quarter GDP was “3 way better than expected,” says there is “no inflation,” calls for immediate Fed rate cuts, and urges Americans to buy and refinance their homes. While it is true GDP outperformed some forecasts—coming in at 3.0% versus the Atlanta Fed’s 2.4% estimate—it was not universally unexpected, as select analysts…
“WE HAVE A MASSIVE TRADE DEFICIT WITH INDIA!!!” @realDonaldTrump
Fact-Check Summary The claim that the United States has a “massive trade deficit with India” is partially correct when considering only the exchange of physical goods. In 2024, official U.S. statistics record a goods trade deficit of approximately $45.7 billion. However, this figure overlooks significant trade in services, education, and defense, where the U.S. has considerable surpluses. When these sectors…
“Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country. Also, they have always bought a vast majority of their military equipment from Russia, and are Russias largest buyer of ENERGY, along with China, at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE — ALL THINGS NOT GOOD! INDIA WILL THEREFORE BE PAYING A TARIFF OF 25%, PLUS A PENALTY FOR THE ABOVE, STARTING ON AUGUST FIRST. THANK YOU FOR YOUR ATTENTION TO THIS MATTER. MAGA!” @realDonaldTrump
Fact-Check Summary The Truth Social post makes several claims about India’s tariffs, non-tariff barriers, military purchases from Russia, energy imports from Russia, and a proposed U.S. tariff on Indian goods. The claim that India’s tariffs are among the highest in the world is well supported by WTO and U.S. Trade Representative data, which places India’s average applied tariffs between 13.8%…
“AUGUST FIRST, A GREAT DAY FOR AMERICA!!!” @realDonaldTrump
Fact-Check Summary Donald Trump’s Truth Social post stating “AUGUST FIRST A GREAT DAY FOR AMERICA” refers to his administration’s plan to implement sweeping reciprocal tariffs on exports from many countries, including the EU, Mexico, Brazil, and Japan. Announced as part of the “America First” strategy, these tariffs were declared after Trump invoked a national emergency over the trade deficit. An…
“THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE — IT STANDS STRONG, AND WILL NOT BE EXTENDED. A BIG DAY FOR AMERICA!!!” @realDonaldTrump
Fact-Check Summary The Truth Social post stating, “THE AUGUST FIRST DEADLINE IS THE AUGUST FIRST DEADLINE IT STANDS STRONG AND WILL NOT BE EXTENDED A BIG DAY FOR AMERICA,” is an authentic statement from President Donald Trump. Credible sources confirm that it refers to the administration’s reciprocal tariffs policy, with a firm implementation date of August 1, 2025. The administration,…