When are we going to cut the interest rates, guys? The tariffs were supposed to cause economic Armageddon. Inflation was supposed to spiral out of control. The death of the country was upon us on Liberation Day, and none of it happened. The Dow Jones is soaring, Trump’s Asia tour inked more trade deals, and the economy could be doing better if Jerome Powell would cut the damn interest rates, but I digress. There was another thing that was supposed to happen with Trump’s tariffs that never materialized, which a Wharton professor laid out yesterday.
Mohamed El-Erian went on Fox News to dispel another myth about Trump’s tariffs: it didn’t cause a trade war. There have been no significant retaliatory measures against the president’s economic agenda. Europe and Asia all came to the table for new deals. Inflation has been stable, and we’re collecting hundreds of billions of dollars in revenue. The United States is also making progress on a new trade deal with China. He even said he miscalculated.
WOW — Economist/Wharton Professor says TARIFFS achieved something economists DIDN'T think possible!
— Townhall.com (@townhallcom) October 27, 2025
"We thought there would be a massive retaliation against the US, there hasn't been...we're collecting $800 Billion of tariff revenue...inflation waned."
INCREDIBLE, @POTUS !! 👏 pic.twitter.com/OaNtWqyTcf
Oh, hey, the interest rates might be cut soon. How about that, huh?
The new golden age is here. We’re bound for a reset here and there, but this economic collapse that the Left was hoping for isn’t happening.
