Trump’s “Big Beautiful Act” Boosts 4.7% GDP Growth, Cuts Imports by 50%

Trump’s “Big Beautiful Act” has gained significant momentum, driven by strong economic indicators and the perceived success of tariff policies. According to Trump advisor Dick Morris, recent data from the Federal Reserve indicates a robust 4.7% GDP growth in the initial two months of the quarter. This figure surpasses the Congressional Budget Office’s forecast of 1.8%, suggesting that if the growth rate reaches 3%, the federal budget could achieve balance. This development counters concerns about deficit expansion linked to the act, providing a positive economic narrative ahead of the 2026 midterm elections.

Morris also highlighted a substantial decline in import volumes last month, which dropped to less than half compared to the previous month. This trend underscores the efficacy of Trump’s tariff policies, which appear to be exerting sustained pressure on trade deficits. The reduction in imports not only supports domestic industries but also aligns with the administration’s goal of reducing the trade imbalance, a key component of the “Big Beautiful Act.”

The “Big Beautiful Act,” a comprehensive tax and budget proposal, narrowly passed the House and is now under scrutiny in the Senate. Republican leadership is pushing to finalize the legislation by July 4, emphasizing fiscal responsibility and economic growth as central themes in the upcoming political cycle. The strong GDP growth and the success of tariff policies provide a solid foundation for the act, potentially swaying voter sentiment in favor of the administration’s economic policies.

The economic indicators highlighted by Morris are critical as they directly influence voter sentiment ahead of the 2026 midterm elections. Fiscal performance remains a decisive factor in political outcomes, and the current economic trends suggest a positive outlook for the administration. The robust GDP growth and the decline in import volumes are likely to be leveraged by the administration to garner support for the “Big Beautiful Act,” positioning it as a key driver of economic stability and growth.