more on tariffs and the US economy

Beginning spiel (transcript):

President Trump has just absolutely laid down the hammer.... All of the globalists and countries around the world that have spent decades ripping off the American economy are absolutely panicking. ...As many of you know, President Trump's Liberation Day tariffs, which kicked in on April 2nd, just a couple months ago, are already shattering national records, generating a massive $255 billion in annual revenue. But even so, for months now, President has generously granted various negotiation extensions to numerous countries worldwide, giving them a chance to strike brand-new fair-trade deals with the US without being hit by the full force of President Trump's tariffs. But now, after all of that stalling and bad-faith dragging of feet, it has become abundantly clear that many of these countries never intended to negotiate honestly, and so now, President Trump is dropping the hammer big-time. The truth is, almost every nation around the world got so used to exploiting the American economy at our taxpayers' expense that they can't even believe that, finally, we're standing up for ourselves. And so this is why President Trump just dropped 22 massive new tariffs on some of the biggest global economic offenders, and as we'll talk about here in just a couple minutes, these brand-new tariffs are specifically designed to target the anti-American BRICS economic alliance. But... here's the wildest thing about all of this: despite the left-wing fearmongerers' screaming that President Trump's tariffs are going to spike inflation and destroy the economy, inflation hasn't risen one bit. In fact, the economy is absolutely on fire in a way that we haven't seen here at home in decades. In fact, it doesn't even really matter what economic metric you look at; the truth is, every single one of them confirms that resident Trump's economic policies have absolutely ignited the dead economy that he inherited from Sleepy Joe Biden and all of the far-left Democrats. [emphasis added]

I've come to discover that Matt Morse makes good points, but he's also something of a heedless, blind-faith cheerleader of Trump and MAGA. So be sure to put Morse's claims and declarations in perspective. I agree with the essence of what he's saying in the video, but not necessarily the tone, the extremity, or certain details. NB: in the above transcript, Morse notes that many of the new tariffs target the BRICS economic alliance. South Korea is not a BRICS member. It has, however taken advantage of US taxpayers through aggressive dealmaking over the years, which is why Trump is so frustrating to Korean politicians, businesspeople, and the public.