- cross-posted to:
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- cross-posted to:
- [email protected]
- [email protected]
Summary
Trump admitted it will be difficult to lower consumer prices, despite campaign promises to reduce grocery, energy, and overall inflation costs.
Trump told Time that achieving price reductions is rare without major economic downturns.
During the campaign, Trump blamed rising costs on Democratic leadership and proposed tariffs as a solution, but economists warn tariffs could raise prices further.
Inflation, a key voter concern, played a significant role in Trump’s election victory, though he has yet to outline a clear plan to deliver on his economic pledges.
Because if monopolies are known for anything, it’s reducing prices to benefit the consumer. /s