Trump mocks tariff alarmists after duties create ‘American economic miracle’ instead of ‘meltdown’

President Donald Trump wrote an op-ed in the Wall Street Journal to defend his economic policy and rebuke opponents of his tariff regime.

“When I imposed historic tariffs on nearly all foreign countries last April, the critics said my policies would cause a global economic meltdown,” Trump wrote. “Instead, they have created an American economic miracle, and we are quickly building the greatest economy in the history of the world, with other countries doing just fine!”

The president cited a Harvard Business School study as evidence that fears of tariff-induced inflation were overblown. According to Trump, the study found that foreign producers and middlemen absorbed 80% of extra tariff costs.

However, the study said “Tariff costs were gradually but steadily transmitted to U.S. consumers, with additional