Administration of Donald J. Trump, 2025

Statement on the National Economy

July 2, 2025

Nobody wants to talk about growth, which will be the primary reason that the "Big, Beautiful Bill" will be one of the most successful pieces of legislation ever passed. This growth has already begun at levels never seen before. Trillions of dollars are now being invested into the U.S.A., more than ever before. Likewise, hundreds of billions of dollars in tariffs are filling up the coffers of Treasury. The tariff money has already arrived and is setting new records.

We are growing our way out of the Sleepy Joe Biden mess that he and the Democrats left us, and it is happening much faster than anyone thought possible. Our country will make a fortune this year, more than any of our competitors, but only if the "Big, Beautiful Bill" is passed. As they say, Trump's been right about everything, and this is the easiest of them all to predict.

Republicans, don't let the radical left Democrats push you around. We've got all the cards, and we are going to use them. Last year America was a "dead" nation, with no hope for the future, and now it's the "hottest nation in the world." Make America great again!

NOTE: The statement referred former President Joseph R. Biden, Jr. It also referred to H.R. 1.

Categories: Statements by the President : National economy. Names: Biden, Joseph R., Jr.

Subjects: Economic improvement; Tariffs; Tax Code reform.

DCPD Number: DCPD202500737.