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The Guardian - US
The Guardian - US
Business
Lauren Aratani

Trump claims victory on US economy despite many Americans’ cost of living concerns

person wearing navy suit and red tie stand behind podium and microphone
Donald Trump delivers remarks to members of the Detroit Economic Club at the MotorCity Casino Hotel in Detroit, Michigan, on Tuesday. Photograph: Anna Moneymaker/Getty Images

Donald Trump claimed victory on the economy after 12 months back in office on Tuesday, declaring it to be the “greatest first year in history” as many Americans express alarm over the cost of living.

In a stream-of-consciousness speech at the Detroit Economic Club, the US president delivered his gold-tinted view of how the economy has fared on his watch. Prices were down, he claimed, despite official data showing otherwise, and productivity was “smashing expectations”.

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