Karoline Leavitt on Trump's Trade Deal and Economic Policies

Historic Trade Agreement with EU

• 🤝 A new trade agreement with the European Union has been secured, prioritizing American interests and strengthening economic ties.
• 🇺🇸 This deal fulfills President Trump's promises to boost American manufacturing and open foreign markets for US businesses.
• 🇪🇺 The EU will purchase $750 billion in US energy by the end of 2028, reducing European reliance on adversarial sources and narrowing the US trade deficit.
• 💰 The EU will also invest $60 billion in the United States, adding to existing investments.

Economic Growth and Expert Predictions

• 📈 President Trump is credited with rebuilding the economy, defying predictions of a recession.
• 📊 Real GDP growth increased at a 3.0% annual rate in the second quarter, exceeding expectations.
• private sector growth is highlighted, with government spending falling and business investment rising.

Tariffs, Inflation, and Budget Surplus

• ⚠️ Claims that President Trump's tariffs would spike inflation are refuted, as consumer spending accelerated and core inflation remained below market expectations.
• 💰 Customs and tariff revenues have exceeded $150 billion since President Trump took office, contributing to the first June budget surplus in nearly a decade.
• 📈 New reciprocal tariff rates are expected to further increase revenues.

Restoring Economic Sovereignty

• 🚀 President Trump's policies are focused on reducing reliance on foreign countries, boosting domestic investment, and creating high-paying jobs.
• ✂️ The combination of America First trade policies, significant middle-class tax cuts, and other pro-growth measures is expected to lead to unprecedented economic growth over the next three and a half years.