Trump boasts tariffs creating 'great wealth' and 'unprecedented national security'

WASHINGTON, DC: President Donald Trump boasted about the state of the American economy on Truth Social on Saturday, December 27. He said that the tariffs he had imposed internationally were “creating great wealth,” adding that there was an “unprecedented National Security."

The president added that the trade deficit had been down by 60%, something that was “totally unheard of,” including a GDP rate of 4.3%. 

Trump on how falling prices will impact the 2026 elections

Trump touted the state of the economy on Truth Social by noting that America was once again “respected as a country.”

He backed these claims during an interview with Politico, during which he further chimed in on the economic statistics. He told the publication on Friday, December 26, that his administration was cleaning up the mess that he had inherited from Joe Biden, adding that he believed that in 2026, America’s success would depend on “pricing.”

He added that the Biden government “gave us high pricing” and that his administration was “bringing it down.” Listing a few things whose prices had fallen, he said, electricity, energy, and gasoline were “way down.”

The president explained that when gasoline and oil go down, “electricity comes down naturally.” He added that everything was coming down “beautifully.” Trump further stated that he was confident that the 2026 midterm elections would depend on “pricing” and that the population would be receptive to his economic message. 

Trump asked whether the reporter had read the latest GDP report, which stated a 4.3% economic growth in the third quarter of 2025. 

BEA releases an initial estimate report for third quarter

On Tuesday, the BEA released a GDP report, which stated that the second quarter of 2025 saw a 3.8% increase in real GDP, which increased to 4.3% in July, August, and September.

The report also noted that the real final sales to private domestic purchasers increased to 3%, which previously stood at 2.9%, while the price index for gross domestic purchases increased to 3.4%. The PCE stood at 2.1% in the second quarter and went up to 2.8% according to the BEA report. 

It further revealed that the real Gross Domestic Income (GDI) increased 2.4% in comparison to 2.6% in the second quarter. The average of the real GDP and the real GDI also increased and went up to 3.4%. Profit from current production stood at $6.8 billion in the second quarter but was estimated to have increased to $166.1 billion in the third quarter.