Trump’s investment claims – are tariffs boosting the US economy?

Getty Images US President Donald Trump pumps his fists on stage with an American flag seen behind him as he tours the Al Udeid Air Base on 15 May 2025, in Doha, Qatar.Getty Images

US President Donald Trump may have called tariffs his favourite word in the dictionary. But when it comes to obsessions, business investment has got to be close.

As of last month, he said more than $12 trillion (£8.8tn) had been…

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