Trump Delivers Major Win on Debt and Trade as Biden-Era Economic Myths Crumble
For years, Democrats have tried to paint President Donald Trump as a threat to the U.S. economy. But new fiscal data obliterates that narrative.
According to a Washington Examiner report published Friday, the Trump administration has not only drastically slowed the rate of debt growth by an astounding 92 percent, but has also managed to reduce the national debt—a feat unseen in modern presidencies.
Between January 22 and May 6, the national debt held by the public grew by just $37 billion.
Contrast that with the same period in 2024, when former President Joe Biden was in office and debt skyrocketed by $478 billion. That’s more than a tenfold increase under Biden’s so-called economic “stewardship.”
While the media continues to push gloom-and-doom stories about the global reaction to President Trump’s tough trade stance—particularly on tariffs—the facts on the ground tell a different story.
China Starts to Blink on Trade War Front
Amid stiff tariffs imposed by the Trump administration, Chinese officials are beginning to quietly yield. Discussions are ongoing, but according to insider reports, Beijing has already exempted approximately 25 percent of all U.S. exports to China from the harsh 125% retaliatory tariffs, amounting to $40 billion worth of American goods reaching Chinese markets tariff-free.
The Chinese Communist Party’s decision comes after Trump rolled out a 145% blanket tariff on Chinese imports—a bold move aimed at restoring fair trade and protecting American industries.
Among the newly exempted products are pharmaceuticals and industrial chemicals, signaling Beijing’s increasing concern over the domestic fallout.
While China has not formally admitted retreat, trade analysts told Bloomberg that the adjustment by President Xi Jinping is more strategic than conciliatory. Still, it’s a clear indication that Trump’s pressure campaign is working.
A Reuters report noted a shift in rhetoric coming from the Chinese side: “The U.S. has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China.”
Even so, the Chinese Ministry of Commerce warned against underestimating Beijing’s resolve, declaring, “attempting to use talks as a pretext to engage in coercion and extortion would not work.”
Bessent: "De-Escalation First, Then a Deal"
Treasury Secretary Scott Bessent, speaking Thursday to Fox News’ Maria Bartiromo, affirmed that a deal is within reach but cautioned that negotiations would unfold in stages.
“I am confident that the Chinese will want to reach a deal. And as I said, this is going to be a multi-step process. First, we need to de-escalate. And then over time, we will start focusing on a larger trade deal,” Bessent said.
Chinese officials have made clear that select categories of American goods—such as ethanol, a crucial energy source—are now being welcomed with open arms.
That marks a sharp departure from the tone set last month by Chinese U.N. Ambassador Fu Cong, who ranted at the U.N. Security Council that Trump’s tariffs represented a “hegemonic” power play.
“Under the guise of reciprocity and fairness, the U.S. is playing a zero-sum game, which is essentially about subverting the existing international economic and trade order by means of tariffs,” Fu complained, as reported by Fox News.
But the numbers don’t lie. Trump’s America First economic agenda—once maligned by the media and D.C. elites—has brought tangible progress on both debt and trade.
As Democrats continue to predict collapse, President Trump is producing results.