U.S. Economy Gaining Swagger Back Even As Media Claims Impending Doom

One of President Trump's many campaign promises was intent to bring back the floundering U.S. economy from the spiral former President Biden left. It has been no easy task, but ever slightly, the economy has started to rebound from multiple years of bad decisions and overspending. Inflation has been falling, mortgage rates have gotten cut slightly, and the stock market has seen record surges in recent months.

But regardless of how many positives you put before the mainstream media, they continue to shout doom and gloom. That tariffs are going to shut the country down. That the economy is going to tank. It is almost a twisted bit of fantasy where they are rooting for the economy to fail. Nevertheless, they continue being wrong.

Tariffs have not had near the impact anyone thought, consumer sentiment has been up, and Trump's negotiations with other countries have injected new life into the economy. There have been billions in investments to artificial intelligence, and on Tuesday, the President announced a deal with Japan for 15-percent tariffs, and a $550 billion investment into the U.S.

Economic analyst Kenneth Rapoza says all of this combined is bringing new hope for an economic boost.

"That is where part of the swagger comes...you have these companies investing, and you have the sky, which was supposed to fall, still shining above us," he says.

Most economists swore that tariffs of any kind would send the economy into free fall. But it has been the opposite. President Trump has played the art of the deal on other countries. He has come in high, announcing 45-percent tariffs. Then the countries come to the table, because they cannot afford that, and make a deal.

In all of the cases too, the tariff rate went down substantially. That wheeling and dealing is also bringing confidence forward at home.

"I think that is where the other part of the swagger comes in...this hit of the tariff was not as big as people thought," says Rapoza. "We will see now when they go into effect on August 1st."

The baseline tariffs ended up around 10-percent, which is not a high number compared to the 45-percent proposed, or in China's case, 100-percent. That 10-percent, compared to the 3-percent countries were paying before, is a number that satisfies all parties.

"You have seen no one complains about it anymore...that number is something the market can live with and is fine," Rapoza says.

He adds that the media have become 'drama queens,' and have been wrong about most of what they report.

The deadline for countries to make tariff deals is August 1st. Some have come to the table, others remain reluctant. But if they play out like intended, the U.S. economy could be set for takeoff.