Trump predicts Dow Jones to hit 100K by 2029

HUNT VALLEY, Md. (TNND) — President Donald Trump predicted on Sunday that the Dow Jones Industrial Average will reach 100,000 points by the end of his presidency.

He said in a social media post that the index will double in the next three years because of his tariffs. The Dow Jones, which started in 1896, surpassed 50,000 points on Friday.

“Record Stock Market, and National Security, driven by our Great TARIFFS. I am predicting 100,000 on the DOW by the end of my Term,” Trump wrote on Truth Social. “REMEMBER, TRUMP WAS RIGHT ABOUT EVERYTHING!”

Economic experts have advised caution when assessing the effects the president’s tariffs will have on the country’s finances. Fernanda Nechio, vice president of economic research at the Federal Reserve Bank of San Francisco, wrote in a report with senior policy advisor Òscar Jordà last year that their study shows a mixed result for the tariffs’ impacts.

Initially, unemployment will rise as inflation falls, but there will be an inverse pattern over time, the researchers determined.

“Our results suggest that, immediately following an increase in tariff rates, the unemployment rate tends to increase, and inflation tends to fall,” the experts wrote.

“This pattern suggests that, at first, the effects of tariffs more closely resemble a negative demand shock—that is, consumers and businesses pull back their spending, which slows economic activity and also slows down inflation.”

“Over time, however, economic activity picks up and inflation increases to a higher rate than would have been the case without the tariff increase,” the researchers added.

Trump has only spoken about the tariffs in a positive tone. He said in another Truth Social post last month that the tariffs have helped raised trillions of dollars for the U.S. – statistics The National News Desk couldn’t confirm – and expressed concern over a potential Supreme Court ruling against them.

“The actual numbers that we would have to pay back if, for any reason, the Supreme Court were to rule against the United States of America on Tariffs, would be many Hundreds of Billions of Dollars, and that doesn’t include the amount of ‘payback’ that Countries and Companies would require for the Investments they are making on building Plants, Factories, and Equipment, for the purpose of being able to avoid the payment of Tariffs,” the president wrote. “When these Investments are added, we are talking about Trillions of Dollars!”

The Supreme Court is considering the legality of Trump’s tariffs, which were issued without congressional approval. The Constitution grants the legislative branch the power of the purse.

Have questions, concerns or tips? Send them to Ray at rjlewis@sbgtv.com.