Washington DC, Jan. 16 -- US President Donald Trump on Thursday (local time) credited his administration's tariff policy for "record financial performance", asserting that the country has "generated hundreds of billions of dollars" in revenue with "virtually no inflation".

In a post on Truth Social, Trump wrote, "Great Financial Numbers were released today -- Our Country has never done better! So many people ask me the reason for this, and I tell them, in just one word -- TARIFFS! We've taken in Hundreds of Billions of Dollars, with virtually No Inflation, and our National Security has never been as strong as it is today."

The remarks come amid ongoing debates within the United States over trade policy, inflation trends and the broader ...