Washington, May 1 President Donald Trump on Friday highlighted strong economic indicators and reiterated his “America first” approach, citing record employment, stock market gains, and domestic investment.
“The stock market is hitting record numbers. We have more people working in the USA today than we've ever had working,” Trump told reporters at the White House.
He said economic growth was being driven by tax cuts and deregulation. “We have the largest tax cuts in the history of our country, also regulation cuts, and it's one of the reasons we're doing so well,” he said.
In response to a question, Trump acknowledged that fuel prices remain high but said relief could come soon. “When the war ends… gasoline prices are going to tumble,” he said, pointing to large quantities of oil currently unable to move through constrained shipping routes.
He also cited strong domestic energy production. “We have more oil production right now than any time in history,” Trump said, adding that major shipments were moving through ports in Texas, Louisiana, and Alaska.
On economic policy, Trump emphasised prioritising US interests. “USA first, America first,” he said, including in discussions over a potential bailout for Spirit Airlines.
“We'd like to save the jobs, but only if it's a good deal,” he said, noting the administration was evaluating options.
Trump also highlighted incentives for domestic manufacturing. He said buyers of American-made cars could benefit from tax deductions on interest payments.
He pointed to broader economic activity as a sign of momentum. “Our country is getting stronger and stronger,” Trump said, citing increased production and investment.
Trump underscored the role of trade policy in supporting domestic industry, tying tariffs and incentives to job creation and manufacturing growth.
The US economy has shown resilience in recent years, supported by consumer spending, fiscal measures, and energy production. However, inflation pressures and global uncertainties continue to shape the outlook.
Energy prices, supply chain shifts, and geopolitical tensions remain key variables influencing economic performance in the months ahead.
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