Former federal prosecutor Andrew Cherkasky analyzes the delay in the Supreme Court’s ruling on President Donald Trump’s tariffs, as well as the upcoming birthright case over ‘Varney & Co.’
President Donald Trump said Sunday that he predicts the Dow Jones Industrial Average will reach 100,000 by the time he leaves the White House in January 2029.
This comes after the Dow closed past 50,000 for the first time on Friday.
“Record stock market and national security driven by our killer tariffs. I predict 100,000 on the DOW by the end of my term,” Trump wrote on Truth Social.
US AND INDIA REACH INTERIM TRADE AGREEMENT, REDUCING TARIFFS ON GOODS AND AGRICULTURAL PRODUCTS FROM BOTH COUNTRIES
President Donald Trump said he predicted the Dow Jones Industrial Average would reach 100,000 by the time he left the White House. (Photo by Andrew Harnik/Getty Images/Getty Images)
“Remember: TRUMP was right about everything! I hope the Supreme Court of the United States is watching,” he added.
The president’s comment about the Supreme Court comes as a high-profile case over the legality of his tariff authority is expected to be ruled. The Supreme Court recently heard arguments over whether the sweeping tariff powers used by Trump are constitutional.
The tariff costs appeared to be largely absorbed by U.S. consumers and businesses rather than foreign exporters, economists said. A study published last month by the Kiel Institute for the World Economy found that about 96% of tariff costs were borne by Americans.
The Dow Jones closed above 50,000 points for the first time on Friday. (Anna Moneymaker/Getty Images/Getty Images)
Trump had made an identical post on Friday evening, as well as a separate post also crediting the closing of the Dow Jones.
“The ‘Experts’ said if I had hit 50,000 on the Dow Jones index by the end of my term, I would have done great, but I hit 50,000 today, three years ahead of schedule – remember that for the Midterms because the Democrats will crush the economy!” he wrote on Friday.
RATES MAY HAVE cost the US economy thousands of jobs a month, FED ANALYSIS shows
The tariff costs appeared to be largely absorbed by U.S. 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 before, and THE BEST IS YET TO COME!”
