Summary
President Donald Trump made several claims about the US economy during a recent media address. Many of these statements, including those about inflation rates and drug prices, were found to be inaccurate. Economic data shows different figures than those presented by President Trump.
Key Facts
- President Trump claimed there is "no inflation" in the US, but the Bureau of Labor Statistics reported inflation at 2.7% compared to the previous year.
- Trump mentioned drug prices dropped by up to 600%, but such reductions are mathematically impossible.
- Trump discussed a Supreme Court case about tariffs, suggesting funds may be returned if the court rules against his administration.
- He incorrectly stated that former President Joe Biden "did not do tariffs"; Biden imposed multiple tariffs during his term.
- The federal government cut 277,000 jobs since January 2025, yet private sector growth has been limited.
- Trump claimed gas prices are $1.99 per gallon in some states, but the average price is $2.82, with the lowest at $2.31 in Oklahoma.
