The MeidasTouch Podcast Trump Goes Off the Rails in Disaster Speech
Jun 1, 2025
Former President Donald Trump discusses his recent speech at the Nippon Steel factory in Pittsburgh. He falsely claimed credit for a steel deal and altered his tariff policies, prompting critiques on his economic statements. The conversation highlights the misleading nature of his claims about job growth and trade deficits, revealing a pattern of misinformation that undermines American workers. The hosts also introduce tools for fact-checking news narratives, urging listeners to stay informed.
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Tariff Increase Harms Economy
- Donald Trump falsely claimed to double steel tariffs from 25% to 50% at Nippon Steel in Pittsburgh.
- Economists agree sharply increasing tariffs like this harms the U.S. economy by raising manufacturing costs.
Made-Up Investment Figures
- Trump falsely claimed $11 trillion in new investments in the U.S., an unrealistic figure compared to the entire GDP.
- His exaggerations echo past fabrication of investment data in other regions like the Middle East.
False Promises to Steelworkers
- Trump promised no layoffs and $5,000 bonuses for steelworkers despite lack of deal details.
- This rhetoric ignores that tariffs and acquisitions in steel typically lead to job losses and outsourcing.