Trump Says US Economy Is Booming Despite Iran War

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President Donald Trump leaves after a small-business summit in the East Room of the White House on May 4, 2026. Kent Nishimura/AFP via Getty ImagesWASHINGTON—President Donald Trump on May 4 touted his economic policies, from tax cuts and tariffs to deregulation, at a White House event for small-business owners from across the country. He said the United States is thriving despite conflict in the Middle East.“You’re the lifeblood of the American economy, and with your help, we’re truly making America great again,” Trump said during a speech to celebrate this year’s National Small Business Week.

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