Trump Hails Tariffs as Economic Win

President Donald J. Trump has once again taken to Truth Social to defend his tariff policy, claiming it has funneled “trillions of dollars” into the U.S. Treasury without burdening American consumers. According to Trump, tariffs have bolstered the economy, lifted financial markets, and increased national wealth — all without triggering inflationary pressures.

Trump argued that foreign companies and governments, not U.S. consumers, are footing the bill for the tariffs — a stance that contrasts sharply with mainstream economic forecasts.

Clash with Goldman Sachs Over Tariff Impact

In his post, Trump directly targeted Goldman Sachs CEO David Solomon, accusing him of repeatedly misjudging the economic effects of the tariffs. Trump mocked Solomon’s predictions, suggesting the Wall Street leader should “get a new economist” or stick to his side passion for DJing rather than running one of the world’s largest investment banks.

Goldman Sachs economists have previously estimated that American consumers bear about 22% of tariff costs, with that figure potentially climbing to 67% if tariffs remain in place over the long term. Trump dismissed these numbers outright, calling them inaccurate and politically motivated.

Tariff Truce with China Extended

Alongside his defense of tariffs, Trump confirmed that the U.S. and China have agreed to extend their tariff truce for another 90 days. The extension prevents an immediate increase in duties and helps maintain relative stability in global trade — at least in the short term.

The pause offers breathing room for negotiations and reduces the likelihood of fresh cost shocks that could disrupt markets.

Why This Matters for Crypto Markets

1. Increased Government Liquidity
If Trump’s claim of “trillions” in tariff revenue holds, it could signal a stronger U.S. Treasury position, indirectly boosting liquidity across financial markets. Historically, periods of abundant liquidity have coincided with increased speculative flows into risk assets, including Bitcoin, Ethereum, and DeFi tokens.

2. Inflation Stability as a Bullish Tailwind
Trump’s assertion that tariffs haven’t fueled inflation — paired with the China truce — means fewer near-term cost pressures. This could maintain investor confidence in risk-on assets, potentially benefiting crypto as an alternative store of value.

3. Geopolitical Currency Pressure
If foreign governments are indeed absorbing most of the tariff costs, their currencies could weaken. In such scenarios, capital often flows toward decentralized global assets like Bitcoin, stablecoins, and other blockchain-based value stores.

Summary

President Trump’s latest defense of tariffs paints them as a strategic revenue engine that strengthens the U.S. economy without harming consumers. His sharp critique of Goldman Sachs and CEO David Solomon adds a political edge, while the extension of the U.S.–China tariff truce offers near-term trade stability.

For crypto investors, the combination of strong liquidity, controlled inflation, and potential currency instability abroad could create an environment ripe for increased market activity. Traders should monitor both macroeconomic developments and geopolitical shifts as potential catalysts for digital asset volatility.