Trump made many statements on US economy. Most are untrue

United States President Donald Trump has made a scope of claims astir the authorities of the US economy.

In a agelong and meandering code to the media connected Tuesday, the archetypal twelvemonth day of his 2nd word arsenic president, Trump’s claims ranged from determination being “no inflation” successful the US to cause prices being slashed by arsenic overmuch arsenic 600 percent. Most claims were factually inaccurate.

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Al Jazeera examined immoderate of his statements connected the economy:

Core ostentation has been astatine 1.6 percent for the past 3 months, and determination is “no inflation”.

Both claims are false. Core ostentation successful November and December stood astatine 2.6 percent twelvemonth implicit year, according to the Bureau of Labor Statistics (BLS).

A halfway user terms scale (CPI) study was not released for the period earlier owed to the national authorities shutdown, the longest successful US history.

Overall, ostentation roseate by 2.7 percent compared with the aforesaid play past year.

Drug prices nether Trump’s “most favored nation” programme are down by “300, 400, 500, 600 percent”.

This is incorrect. While the programme is intended to little cause prices, reductions beyond 100 percent are mathematically impossible.

A 100 percent terms simplification would mean a merchandise is free. Anything beyond that would necessitate pharmaceutical companies to wage consumers to instrumentality their products.

Pending Supreme Court ruling connected tariffs:

Trump addressed a pending Supreme Court lawsuit that volition regularisation connected the legality of his usage of the International Emergency Economic Powers Act (IEEPA) to enforce tariffs. He claimed the US would person to instrumentality wealth if the tribunal rules against his administration.

This is partially close but unclear. If the tribunal rules against the administration, the US would request to refund immoderate of the wealth importers paid successful tariffs. In September, Secretary of the Treasury Scott Bessent said the authorities could beryllium required to refund astir fractional of the tariffs it collected.

The White House’s economical adviser, Kevin Hassett, has said the medication is exploring alternate ineligible avenues to enforce tariffs if the tribunal blocks the existent plan.

Former President Joe Biden “did not bash tariffs”.

This is false. Biden imposed aggregate tariffs during his administration. In 2022, helium imposed 35 percent tariffs connected Russian imports arsenic portion of sanctions pursuing Moscow’s full-scale penetration of Ukraine.

In 2024, Biden raised tariffs connected Canadian lumber to 14.5 percent from 8.5 percent, continuing a Trump-era policy.

That year, helium besides imposed tariffs connected China, including 100 percent connected electrical vehicles, 25 percent connected alloy and aluminium, and 50 percent connected semiconductor chips.

Trump medication removed much than 270,000 bureaucrats from the national government, but they are going to the backstage sector. 

The national authorities has chopped 277,000 jobs since January 2025, according to the BLS. But information shows constricted maturation successful the backstage sector, particularly successful tariff-exposed industries.

In the astir caller jobs report, the US system added 50,000 jobs. The biggest gains were successful nutrient service, which added 27,000 jobs, and healthcare, which added 34,000 jobs.

The US system added 584,000 jobs successful 2025. This is importantly little than the 2 cardinal created the twelvemonth before, nether Biden.

Gas prices are astatine $1.99 per gallon successful immoderate states

This is inaccurate. According to the American Automobile Association (AAA), which tracks state prices, the mean terms for a gallon of state is $2.82. The cheapest state prices are successful the authorities of Oklahoma, astatine $2.31.

More car factories are being built successful the US present than ever before.

Oxford Economics tracks backstage operation spending connected proscription instrumentality factories. In 2025, nominal spending connected manufacturing structures related to proscription instrumentality was down from its highest successful 2024, it said.

Trump has been making claims similar this for adjacent to a year. Auto manufacture experts person agelong said they are exaggerated, due to the fact that portion companies, including Hyundai and Stellantis, person accrued investments successful US manufacturing, these are additions to existing plants.

Oxford Economics, which tracks backstage operation connected proscription equipment, recovered that “nominal spending” successful 2025 was trending downwards aft hitting a highest during the last twelvemonth of the Biden administration.