United States President Donald Trump claimed that the US is collecting record amounts in tariffs, while prices on key items are falling. Trump also stated inflation is declining, calling it part of his record of keeping campaign promises.
"The United States is taking in RECORD NUMBERS in tariffs, with the cost of almost all products going down, including gasoline, groceries, and just about everything else. Likewise, INFLATION is down. Promises Made, Promises Kept!" he wrote on Truth Social.
Earlier this week, Trump paused his planned tariff hikes for most countries for 90 days but kept the 10% base tariff rate. China, however, now faces a 125% tariff, while goods traded under the United States-Mexico-Canada Agreement (USMCA) remain tariff-free and non-compliant items are taxed at 25%.
