Trump Touts Economic Wins at Michigan Rally—Wall Street Rolls Eyes

Former President Trump seized the spotlight in Michigan, hammering his administration’s economic record during a 100-day campaign rally. No mention of crypto—but hey, at least he didn’t call it a ’scam’ this time.

Wall Street analysts, meanwhile, yawned into their lattes—another politician taking credit for market cycles they barely understand.

Trump lauds the progress made in his first 100 days

Celebrating @POTUS’s first 100 days in office and the positive impact he is having in our country, including:
-Securing our borders
-Putting drug cartels on the run
-Ending unfair trade policies
-Restoring commonsense, conservative policies that protect the American people… https://t.co/x0auD5sH5o

— Hal Rogers (@RepHalRogers) April 29, 2025

While speaking at a Warren rally meant to commemorate his first 100 days in office, U.S. President Donald Trump lauded what he termed as a series of significant economic wins. The president asserted that his moves to impose trade tariffs on the country’s trading associates could be a gateway to the rebirth of domestic manufacturing.

Trump said that during his first term, from 2017-2021, the country had the greatest economy in the history of America. He lauded his first term’s economic achievements. 

Trump argued that the country is now doing better than it was during his first term as U.S. president. The president also renewed his attacks on Jerome Powell of the Federal Reserve, claiming that the head of the central bank is underperforming. 

He also doubled down on his calls for the U.S. Congress to lower taxes, an idea analysts said could add a huge burden to the country’s debt. The president promised that his administration would execute the biggest tax cuts in the history of America. He added that the tax cuts would be passed in the coming weeks and months. According to him, the tax cuts would include no tax on Social Security, no tax on tips, and no tax on overtime. 

During the rally, the president showcased a video montage that highlighted the impact of his crackdown on illegal immigration. The video showed suspected gang members having their heads shaved and then detained as the crowd cheered.

Before the rally, Trump spoke at a National Guard base, touting the investments his administration has made in national defense. Trump promised that he would roll out a $1 trillion investment in national defense. He added that the base would get 21 Boeing F-15X jets.

Trump says his tariffs are an economic lifeline

U.S. President Donald Trump recently signed an executive order to ease auto tariffs. He told the crowd at Warren that his tariffs were an economic lifeline for the people of Michigan. The Republican argued that his tariffs on China would end the greatest job theft in the history of the U.S. Trump claimed that China has taken more jobs from the U.S. than any nation has ever grabbed from another nation.

The president said that he thought China would cut a trade deal soon. He confirmed that if it happened, it would be a fair deal.

A Reuters/Ipsos survey showed that 42% of respondents approved of the president’s performance so far. The poll revealed that 53% of respondents disapproved of Trump’s performance. Only 36% of respondents approved of the president’s economic stewardship, the lowest approval in both his prior and current terms.

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