Summary
President Donald Trump commented on the Supreme Court's involvement with his tariff policies, after the U.S. economy grew more than expected in the third quarter. Trump claimed that tariffs contributed to this growth, while the Supreme Court considers whether he had the authority to impose these tariffs. The increase in the economy has sparked discussions about its impact on inflation and potential Federal Reserve actions.
Key Facts
- President Trump made a statement about the Supreme Court related to his tariff policy.
- U.S. economy grew at an annual rate of 4.3% in the third quarter of the year.
- This growth was higher than expected and follows a 3.8% increase in the previous quarter.
- The Supreme Court is reviewing whether Trump had the authority to impose tariffs without Congress.
- Trump attributed the economic growth to his tariff policy in his social media post.
- Consumer and government spending, along with exports, contributed to the economic growth.
- Though the economy grew, business investment slowed, and imports decreased at a reduced pace.
