Washington, July 2: President Donald Trump has proclaimed that America has entered a ‘Golden Age.’ He cited falling oil prices, record investments, a robust stock market, and rising employment as evidence of a rapidly strengthening U.S. economy.
Speaking at the opening ceremony of the Theodore Roosevelt Presidential Library in Medora, North Dakota, Trump emphasized that the decrease in energy prices will directly benefit American citizens and businesses.
He stated, “Oil prices are consistently falling. I don’t care if anyone is happy or sad about it. I just want prices to drop further. Oil prices are plummeting faster than anyone ever imagined.”
Trump also claimed that the number of ships passing through the Strait of Hormuz is at an unprecedented level, setting new records.
He highlighted the performance of the U.S. stock market and employment statistics, noting that the market is reaching new heights and that the country has achieved historic employment levels.
“Every day, the stock market sets a new record. Today, more people are working than at any time in history,” he remarked.
Addressing inflation, Trump targeted former President Joe Biden, stating that his administration inherited significant inflation issues from Biden’s tenure, but conditions are changing rapidly.
“We inherited a massive inflation problem from Biden, but prices are consistently coming down now,” Trump said.
In his address, the President indicated that this is just the beginning of America’s Golden Age. He expressed confidence that the best times for the nation are yet to come.
While the speech primarily honored the legacy of former President Theodore Roosevelt, Trump also referenced his administration’s economic policies. He asserted that decreasing energy prices, increasing foreign investments, and new job opportunities are signs of growing public confidence in the U.S. economy.
As the world’s largest economy and a key trading partner for India, the economic status of the U.S., along with fluctuations in the stock market, investments, and crude oil prices, is closely monitored by India. These factors directly impact global investments, demand, and the prices of imported crude oil, as well as inflation in India.
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