Trump Denies Inflation Is Real

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President Donald Trump is unwavering in his dedication to the newly imposed tariffs.
Despite the country being thrown into economic turmoil, the Republican leader took to his Truth Social account on Monday, April 7, to claim his taxes on goods from other countries aren't affecting inflation.
Join us to read what Trump said about America's current financial state…
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Donald Trump made it clear he was not backtracking despite people calling for him to pause the tariffs.
"Oil prices are down, interest rates are down (the slow-moving fed should cut rates!), food prices are down, there is NO INFLATION and the long-time abused USA is bringing in billions of dollars a week from the abusing countries on Tariffs that are already in place," he penned in the social media update.

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In response to Donald Trump's heavy duties imposed on China, Beijing imposed a 34 percent tariff last week.
"This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its tariffs by 34 percent, on top of its long-term ridiculously high tariffs (plus!), not acknowledging my warning for abusing countries not to retaliate," Trump added in his lengthy update.
"They've made enough, for decades, taking advantage of the Good OL' USA! Our past 'leaders' are to blame for allowing this and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!" he continued to rant.

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Donald Trump's deflection comes as Dow predictions dropped more than 20 percent from their peak on Monday, April 7, after the right-winger put the tariffs into place last week.
Per the New York Post, on Sunday, April 6, the Dow Jones Industrial Average was down 2.1 percent, while the S&P 500 plummeted about 2.5 percent. Additionally, the Nasdaq fell almost 3.1 percent.

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Despite the numbers, Treasury Secretary Scott Bessent backed up Donald Trump's claim that there aren't severe repercussions from the tariffs.
"Everything is working very smoothly so the American people, they can take great comfort in that," the former hedge fund manager explained during a Sunday, April 6, appearance on NBC's Meet the Press. "In terms of the market reaction, look, we get these short-term market reactions from time to time. As the treasury secretary, what I've been very impressed with is the market infrastructure, that we had record volume on Friday."

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Although people close to Donald Trump are reinforcing the bold move, one of his former supporters, billionaire Bill Ackman, sent a staunch warning about the how these duties will affect the American people.
"The consequences for our country and the millions of our citizens who have supported the president — in particular low-income consumers who are already under a huge amount of economic stress — are going to be severely negative. This is not what we voted for," Ackman wrote on X. "Alternatively, we are heading for a self-induced, economic nuclear winter and we should start hunkering down."