President Donald Trump predicted that GDP could expand as much as 9% a year, compared with Congressional Budget Office projections for an average of 1.8% growth each year for the next decade. Professional forecasters don't expect the economy to grow faster than 2.

The White House touted three positive indicators for the economy on Friday, including that the trade deficit fell by the largest monthly amount on record. The Trump press office also highlighted that inflation eased and incomes rose in April.

The Federal Reserve chair, Jerome Powell, has told President Donald Trump that monetary policy will not be influenced by politics.

President Trump's 'Liberation Day' marks a pivotal shift in U.S. trade policy with a 10% tariff on imports, excluding Canada and Mexico. This move aims to rejuvenate American industry but raises concerns about inflation and international trade tensions.

The claim comes as trade talks with China have stalled, according to the Treasury secretary. Mr. Funk was the managing editor of Pleroma Media, and worked as a breaking news reporter at The Messenger after spending 25 years at Fox Television as a producer, executive producer, and digital content director.

Trump credited himself with saving China from “civil unrest” as a result of his high tariffs on the country. Earlier this month, China and the U.S. reached a deal to slash their massive tariffs in the escalating trade war between the two countries.

As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period last year.