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Former federal prosecutor Andrew Cherkasky breaks down the delay in the Supreme Court’s ruling on President Donald Trump’s tariffs, as well as the upcoming birthright citizenship case about “Varney & Co.”
president donald trump On Sunday, he said he predicted the Dow Jones Industrial Average would hit 100,000 when he leaves the White House in January 2029.
This comes after the Dow closed after 50,000 Friday for the first time.
“Record stock market and national security, driven by our big TARIFFS. I’m predicting 100,000 in the DOW by the end of my term,” Trump wrote on Truth Social.
President Donald Trump said he predicted the Dow Jones Industrial Average would hit 100,000 by the time he leaves the White House. (Photo by Andrew Harnik/Getty Images/Getty Images)
“REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING! I hope the US Supreme Court is watching,” he added.
The president’s comment on the Supreme Court comes as a high-profile case over the legality of his tariff authority is expected to be decided. The Supreme Court recently heard arguments about whether the broad tariff powers used by Trump are constitutional.
The fee costs They were found to be largely absorbed by US consumers and businesses rather than by foreign exporters, according to economists. A study published last month by the Kiel Institute for the World Economy found that about 96% of the costs of the tariffs were borne by Americans.
The Dow closed last Friday at 50,000 for the first time. (Anna Moneymaker/Getty Images/Getty Images)
Trump had made an identical post Friday night, as well as a separate post also credited with the Dow’s close.
“The ‘Experts’ said if I hit 50,000 in the Dow by the end of my term, I’d have done a great job, but today I hit 50,000, three years ahead of schedule – remember that for the midterms, because the Democrats will crash the economy!” wrote Friday.
TARIFFS MAY HAVE COST US ECONOMY THOUSANDS OF JOBS PER MONTH, FED ANALYSIS REVEALS
Tariff costs were found to be largely absorbed by US consumers and businesses rather than by foreign exporters. (Chip Somodevilla/Getty Images/Getty Images)
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In another post on Sunday, Trump wrote: “Enjoy the Super Bowl, America! Our country is stronger, bigger and better than ever and, THE BEST IS YET TO COME!”
