Trump took the victory lap just after the Commerce Department announced the economy had grown at a surprisingly strong 4.3% annual rate in the third quarter — marking the most rapid expansion in two years.
“The TARIFFS are responsible for the GREAT USA Economic Numbers JUST ANNOUNCED…AND THEY WILL ONLY GET BETTER!” Trump wrote in a Truth Social post.
“Also, NO INFLATION & GREAT NATIONAL SECURITY. Pray for the U.S. Supreme Court!!! President DJT.”
Trump was quick to take credit after the latest reading showed gross domestic product — the economy’s total output of goods and services — from July through September was up from the 3.8% growth recorded last quarter.
Government and consumer spending, as well as exports, all increased, too.
Consumer spending, which accounts for about 70% of economic activity, rose to a 3.5% annual pace last quarter — an increase from the previous 2.5%.
Consumption and investment by the government also grew by 2.2%.
With Post wires