Trump Breaks Down Economy, Defies ‘Experts’ with Soaring Growth and Tariff Revenue [WATCH]

President Donald Trump delivered an economic update highlighting what he described as a record-shattering second quarter for the U.S. economy, citing key indicators across multiple sectors, including GDP growth, job creation, domestic production, and falling inflation.

Speaking on the economy’s overall trajectory, Trump announced that the United States saw a 3% growth rate in the second quarter, significantly outperforming forecasts.

“And as I said, we the number of 3% the pace in the second quarter. We smashed all expectations. They thought it would be maybe a little bit less than two, and it was three, little bit more than three,” Trump said.

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The President noted broad strength across economic metrics, pointing to improved consumer conditions and manufacturing output.

“Consumer spending is up. Business investment is way up. Domestic manufacturing is way up. Real disposable family income is up, and personal savings are up. Other than that, we’re not doing so great,” he said.

“We have the hottest country, and I’ll tell you, it’s it’s a great we’re having a lot of fun with it,” Trump added.

Trump also emphasized reductions in federal expenditures and a shifting workforce from the public to the private sector.

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“At the same time, we dramatically slash government spending for the second quarter in a row, down nearly 4% which people were surprised at with a lot of cutting,” he said.

“Also, the private sector has boomed, with nearly 600,000 jobs added way above expectations, while we have reduced the federal workforce by 70,000 jobs.”

“These are private jobs that are coming back to our country. Federal jobs are being cut,” Trump stated.

Addressing trade policy, Trump defended the impact of tariffs on the economy, noting their contribution to federal revenue.

“Critics said that our tariffs would hurt the economy, but the data shows the exact opposite. And the exact opposite is happening,” he said.

“The US Treasury has taken in $150 billion from tariffs, and we’ll be adding about $200 billion next month for totals that nobody’s ever seen before. Frankly.”

Trump also reported a decline in foreign imports and a substantial boost in domestic auto manufacturing.

“Foreign imports were down 30% in the second quarter, while the domestic auto production surged by a stunning 36%,” Trump said.

“How about that number? Dr Oz, right? That’s good. That’s good. We want to do that with your patients too. We’ll be very we’ll have a very healthy we’re going to have a very healthy country.”

Inflation, another key concern for American families, continued to ease. “At the same time, inflation continues to fall faster than expectations, and for the fifth consecutive month, core inflation was lower than predicted, substantially,” Trump said.

Concluding his remarks, Trump declared that the nation has entered a new period of prosperity.

“This is truly the dawn of the golden age of America. That’s what we’re in. We want to keep it that way,” he said.

WATCH:

“The number of 3%… In the second quarter, we smashed all expectations. They thought it would be maybe a little bit less than two, and it was 3, a little bit more than 3! Consumer spending is up, business investment is way up…real disposable family income is up…” – @POTUS pic.twitter.com/lHAAuC8ujH

— Real America’s Voice (RAV) (@RealAmVoice) July 30, 2025