NEWS
‘Trump Has Been Lying Non-Stop’: Top Economists Bash The President Over His Damaging Tariffs After He Brags On Twitter
Donald Trump continued his Twitter frenzy on Monday morning after having posted almost 100 tweets over the weekend. Trump began to boast about his trade war with China by claiming the economy is better than ever because of it. But economic experts decided to call the president out for his ridiculous claims.
Trump had tweeted saying:
“The unexpectedly good first quarter 3.2% GDP was greatly helped by Tariffs from China. Some people just don’t get it!”
The unexpectedly good first quarter 3.2% GDP was greatly helped by Tariffs from China. Some people just don’t get it!
— Donald J. Trump (@realDonaldTrump) May 13, 2019
But experts do get it, and they know that Trump is hurting the economy with his trade war.
“The President’s been lying, non-stop, saying that China would pay for the tariffs – just like Mexico would pay for the wall,” MSNBC’s Joe Scarborough noted.
"What's so important for American taxpayers to know is this is a $200B tax increase on them." — @JoeNBC pic.twitter.com/d3gkMPLtir
— Morning Joe (@Morning_Joe) May 13, 2019
Expert economists also weighed in on Trump’s tariffs.
Yeah. The people who “don’t get it” include your own economic advisors —> https://t.co/hQ0rC32oeS
Maybe if you just ban all trade, you’ll achieve “10% GDP”. Just say it, they’ll believe it. https://t.co/PyouvCkgBw
— Michael Clemens (@m_clem) May 13, 2019
Chart from @OxfordEconomics shows the difference: pic.twitter.com/Gyq37Ise5d
— Lydia DePillis (@lydiadepillis) May 13, 2019
This is literally how an economy doesn't work. https://t.co/ChCOKM5ewz
— T.J. Sjostrom (@sjostromtj) May 13, 2019
"Tariffs from China."
— Martin Baccardax (@mdbaccardax) May 13, 2019
A tariff is a TAX.
So a TAX increase raised the GDP?#TariffsAreTaxes https://t.co/xQzbJbSXrh— Timothy McBride (@mcbridetd) May 13, 2019
Anyone who really looks at the GDP report would “get” that half of the 3.2% was due to transitory factors (inventories and trade) while consumer spending slowed to 1.2% and capex was essentially flat. https://t.co/ueVESlTPfi
— Steven Rattner (@SteveRattner) May 13, 2019
GDP got a boost because imports fell after surging in the second half of 2018 to beat tariffs that were then put on hold (until now) https://t.co/RidyKHsw7J
— Scott Lanman (@scottlanman) May 13, 2019
RELATED: Trump Urges Fans To Support His Trade War By Not Buying Products From American Companies
