Did Trump Really Close the Border and Defeat Inflation?
Synopsis
Key Takeaways
Washington, Jan 28 (NationPress) President Donald Trump proclaimed that inflation “has been defeated” and the US border is “totally closed” while promoting tariffs, tax cuts, and new trade initiatives in a political campaign aimed at securing victory in the midterm elections.
Speaking to eager supporters in Iowa on Tuesday, Trump asserted that his administration had achieved “the most dramatic one-year turnaround of any country in history,” claiming the US economy rebounded swiftly from a troubled legacy.
“Just after one year of President Trump, our economy is booming, incomes are rising, investment is soaring,” he stated, emphasizing America's newfound “respect” across the globe.
Trump consistently attributed tariffs to the perceived resurgence in industrial growth and investment, citing manufacturing expansion and claiming trade policies attracted foreign capital at an unprecedented rate. “We are the number one country anywhere in history for investment coming into the country,” he declared, emphasizing tariffs as a pivotal factor in that trend.
Discussing market performance, Trump noted that “since the election, the stock market has had 52 all-time highs,” boasting of a “$9 trillion increase in value” for savings, retirement accounts, and 401(k) plans. He contrasted these figures with the previous administration, asserting that President Joe Biden garnered “less than $1 trillion in new investment” over four years, while his administration achieved “plus $18 trillion” in commitments within just one year.
Trump highlighted what he called the “Great Big, Beautiful Bill,” endorsing provisions like “no tax on tips, no tax on overtime, and no tax on Social Security for our seniors.” He invited service-industry workers to the stage to demonstrate the bill's effects. Erika Pirtle, a venue manager, remarked, “No tax on tips is huge for everyone in the service industry.” Judy Waldron, a bartender, expressed gratitude, stating, “Thank you very much. We appreciate it.”
Trade and agriculture were significant topics in Trump's speech. He proclaimed that his administration had “slashed our gaping trade deficit by a staggering 77 percent,” referencing multiple trade-related export commitments. He mentioned that Japan would permit the US “to supply up to 100 percent of automobile ethanol,” the UK would import “nearly $1 billion of ethanol,”
Australia was opening its market to American beef “for the first time in more than 20 years,” and China had consented to purchase “over $40 billion of US-grown soybeans.” He also indicated that the European Union would increase its purchases of American pork, dairy, and soybean oil.
Addressing farmers, Trump stated that his administration had distributed “$12 billion in farm relief,” asserting that tariff revenues facilitated this assistance. He also promised support for year-round E15 ethanol, vowing that a bill endorsing this measure would reach his desk “very quickly” and that he would sign it “without delay.”
Immigration and public safety were focal points of Trump's address. He declared that the southern border had been “totally and completely closed,” stating, “Nobody is able to come into our country except for those that come in legally.” He claimed the US now has “the lowest crime rate in the history of our country,” and that there was a significant drop in the murder rate within a year. He also noted a “21 percent decrease” in drug overdose deaths and mentioned that he had classified drug cartels as foreign terrorist organizations.
Trump supported his assertions with polling data, citing various opinion polls and claiming that Republicans lead on issues such as the economy, immigration, and crime, arguing that public approval reinforces his administration's approach.
A central aim of the speech was to galvanize voters ahead of the midterm elections. “We've got to win the midterms,” Trump urged, encouraging supporters to back Republican candidates for both the House and Senate. He warned that losing control of Congress would jeopardize tax cuts and other key priorities, stating, “If we lose the midterms, you'll lose so many of the things that we're talking about.”
Trump concluded by portraying the past year as a significant departure from what he described as decline, asserting, “America is back,” adding, “Our border is secure, our spirit is restored, inflation is stopped, incomes are up, prices are down.”