Trump: June Inflation Report Brings "Good News," Ushering in "Golden Age" for America

BlockBeats News, July 18th - President Trump of the United States stated that the inflation data for June brought exciting news! The CPI monthly rate saw the largest drop in six years. June's CPI was lower than the forecast of every economist surveyed by Bloomberg (a total of 67).

“Prices of various goods such as gasoline, electricity, car insurance, hotels, and prescription drugs all saw declines. With strong wage growth and falling prices, real wages surged by 0.8%. With continuous investment pouring into the United States, rapid expansion of factory construction, growth in manufacturing employment, and ongoing price declines, we have many things to be proud of—America's golden age has arrived!

TSMC announced that it will reinvest $100 billion in its semiconductor manufacturing plant in Arizona. This brings its total investment in building factories in the U.S. to a record-breaking $265 billion. My trade policy and trade agreements are delivering everything I promised.

From automobiles, pharmaceuticals, semiconductors, to the entire economic sector, the Trump administration is bringing back advanced manufacturing to the United States. This is what success looks like! Large-scale hiring, large-scale construction, large-scale investment—welcome to America's golden age, where we invite everyone to come to the U.S. to build factories."