Trump praises his administration’s economic wins at Michigan 100-day rally

Source Cryptopolitan

U.S. President Donald Trump touted his administration’s economic wins during a rally to commemorate his initial 100 days in office. A recent Reuters/Ipsos poll showed that many U.S. citizens are growing more wary of the president’s hardline approaches on immigration and trade matters. 

In a campaign-style rally held in Warren, Michigan, on Tuesday, U.S. President Donald Trump praised some of the economic wins his government has achieved in his first 100 days in office.  During the rally, the president promised that his tariffs could lead to a bounce-back in domestic manufacturing in the U.S.

Ipsos recently published a survey showing Americans are growing wary of his governance. The survey showed that most Americans were becoming more skeptical of the president’s strict approaches to immigration and trade.

Trump lauds the progress made in his first 100 days

While speaking at a Warren rally meant to commemorate his first 100 days in office, U.S. President Donald Trump lauded what he termed as a series of significant economic wins. The president asserted that his moves to impose trade tariffs on the country’s trading associates could be a gateway to the rebirth of domestic manufacturing.

Trump said that during his first term, from 2017-2021, the country had the greatest economy in the history of America. He lauded his first term’s economic achievements. 

Trump argued that the country is now doing better than it was during his first term as U.S. president. The president also renewed his attacks on Jerome Powell of the Federal Reserve, claiming that the head of the central bank is underperforming. 

He also doubled down on his calls for the U.S. Congress to lower taxes, an idea analysts said could add a huge burden to the country’s debt. The president promised that his administration would execute the biggest tax cuts in the history of America. He added that the tax cuts would be passed in the coming weeks and months. According to him, the tax cuts would include no tax on Social Security, no tax on tips, and no tax on overtime. 

During the rally, the president showcased a video montage that highlighted the impact of his crackdown on illegal immigration. The video showed suspected gang members having their heads shaved and then detained as the crowd cheered.

Before the rally, Trump spoke at a National Guard base, touting the investments his administration has made in national defense. Trump promised that he would roll out a $1 trillion investment in national defense. He added that the base would get 21 Boeing F-15X jets.

Trump says his tariffs are an economic lifeline

U.S. President Donald Trump recently signed an executive order to ease auto tariffs. He told the crowd at Warren that his tariffs were an economic lifeline for the people of Michigan. The Republican argued that his tariffs on China would end the greatest job theft in the history of the U.S. Trump claimed that China has taken more jobs from the U.S. than any nation has ever grabbed from another nation.

The president said that he thought China would cut a trade deal soon. He confirmed that if it happened, it would be a fair deal.

A Reuters/Ipsos survey showed that 42% of respondents approved of the president’s performance so far. The poll revealed that 53% of respondents disapproved of Trump’s performance. Only 36% of respondents approved of the president’s economic stewardship, the lowest approval in both his prior and current terms.

Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETF Investors Face 8% Losses as $3 Billion Exits Market in Two WeeksUS spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
Author  Beincrypto
Feb 03, Tue
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
placeholder
Gold Prices Surge Amid Rising U.S.-Iran Tensions, Driving Safe-Haven Demand to New HeightsGold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.
Author  Mitrade
Feb 04, Wed
Gold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.
placeholder
Bitcoin Slips Below $70,000 Support, Risk of 37% Drop EmergesBitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
Author  Beincrypto
Feb 06, Fri
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
placeholder
Risks Rise for Bitcoin, Gold, and Silver as Goldman Sachs Warns $80 Billion in Stock SellingGlobal markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
Author  Beincrypto
21 hours ago
Global markets may be entering a new phase of volatility after Goldman Sachs warned that systematic funds could offload tens of billions of dollars in equities in the coming weeks.This wave of selling
placeholder
Fed to enter gradual money-printing phase, says Lyn AldenLyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Author  Cryptopolitan
21 hours ago
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
goTop
quote