Inflation helped Trump get elected. Now it’s his problem.
1 month, 2 weeks ago

Inflation helped Trump get elected. Now it’s his problem.

Live Mint  

Nothing did more to deliver the White House to Donald Trump than inflation, which helped to sour Americans on former President Joe Biden’s economy. The problem is that Trump has inherited inflation above the Federal Reserve’s 2% target, and his agenda risks keeping it there, making it harder to bring down interest rates. On social media Wednesday, Trump called for lower interest rates, “something which would go hand in hand with upcoming Tariffs!" View Full Image The Trump team hopes deregulatory and tax moves can help ease inflationary pressures, particularly for energy prices.

Tax Inflation Trump Prices House Biden Republicans Fed Tariffs Cuts Lower Boost  inflation  tariffs  helped  lower  boost  cuts  steel  trump  elected  week  prices  tax  problem

History of this topic

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?
1 day, 12 hours ago

Is Trump’s fiscal daredevilry a ticking time bomb for the US economy?

Firstpost  

Instead of making America great again, President Donald Trump’s economic and trade policies, ranging from tariffs to unfunded tax cuts and borrowings, appear to be driving the nation towards stagflation US President Donald Trump has promised to make America great again, but he appears to be unleashing a ticking time bomb on the US economy. Trump economic and trade policies, …

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says
1 week, 3 days ago

Trump’s tariffs are inflicting serious economic damage and reigniting inflation, OECD says

CNN  

CNN — President Donald Trump’s tariff policies are slowing economic growth in the United States and around the world while sending prices higher again, creating a toxic stew for the global economy that could grow even worse if tensions escalate, the Organisation for Economic Co-operation and Development said Monday. The OECD report shows what US markets have been signaling for …

U.S. President Donald Trump's 25% tariffs on all steel, aluminum imports go into effect
Trending News
2 weeks, 1 day ago

U.S. President Donald Trump's 25% tariffs on all steel, aluminum imports go into effect

The Hindu  

U.S. President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown. That's a bigger win than the tariffs themselves, but the tariffs are going …

US inflation cooled in February, but Trump’s tariff plans and trade war loom
2 weeks, 1 day ago

US inflation cooled in February, but Trump’s tariff plans and trade war loom

CNN  

CNN — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. February’s inflation numbers came in better than expected thanks in part to two big — and very welcome — …

'Hell to pay': Republican warns Trump 'playing with fire' — and gives him a history lesson
2 weeks, 6 days ago

'Hell to pay': Republican warns Trump 'playing with fire' — and gives him a history lesson

Raw Story  

The real world realities being ushered in by President Donald Trump’s economic policies triggered alarm bells for former Rep. Mark Sanford, who not only sounded off on their effects on the American public – but also on the GOP’s chances in 2026 midterm elections. The warnings from the former South Carolina governor came Thursday during an appearance on CNN's “Erin …

Trump has glossed over high prices. Republicans worry it will cost them.
3 weeks, 3 days ago

Trump has glossed over high prices. Republicans worry it will cost them.

Live Mint  

WASHINGTON—President Trump promised during the campaign to lower prices on day one of his presidency. Kemp said Georgia voters were generally happy with Trump’s performance so far and blamed former President Joe Biden for higher inflation. View Full Image President Trump’s early executive actions have focused largely on immigration and retooling the federal government and not on high inflation. The …

America faces a Trumpian economic slowdown
3 weeks, 3 days ago

America faces a Trumpian economic slowdown

Live Mint  

“The golden age of America begins right now." In the six weeks since that chilly day, investors and economists have started to grapple with a less upbeat possibility: that his arrival in the White House is both causing and coinciding with a period of weakness for America’s economy. Even if Mr Trump again delays imposing levies on Canada and Mexico, …

Americans struggle as incomes fall behind inflation: Poll
3 weeks, 6 days ago

Americans struggle as incomes fall behind inflation: Poll

India Today  

A majority of Americans said that their income is not enough as compared to raising inflation. According to CBS News Poll, people reported the cost of products and services around them is either rising or staying at the same level. The poll reported that 77 percent of respondents believe that their income is way behind inflation. Notably, fifty-five percent of …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
1 month ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

US economy: Is stagflation making a comeback amid Trump turbulence?
1 month ago

US economy: Is stagflation making a comeback amid Trump turbulence?

Live Mint  

Might this be the year that stagflation returns to the US? It has been half a century: The last time the US economy had both excessively high inflation and unduly high unemployment was in the mid-1970s, with inflation rates reaching 12.2% in 1974 and unemployment at 8.5% in 1975. Kevin Hassett, one of Trump’s economic advisors, has suggested that the …

Trump is one month in and Americans are already mad at him about inflation
1 month ago

Trump is one month in and Americans are already mad at him about inflation

CNN  

CNN — On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. And despite Trump’s promise to “drill, baby, drill” to bring gas prices down, Americans are paying four cents more for a gallon of regular fuel on average than when he returned to the White House on January 20, …

'Pennies!' WSJ reporter busts Trump boasts of massive DOGE cuts
1 month, 1 week ago

'Pennies!' WSJ reporter busts Trump boasts of massive DOGE cuts

Raw Story  

Donald Trump has floated the possibility of sending out refund checks to Americans with some of the savings he says the Department of Government Efficiency have cut from the budget, but a Wall Street Journal reporter said that plan was laughable. MAGA-aligned investment manager James Fishback first promoted that idea of a "DOGE dividend," which he says came to him …

Trump acknowledges ‘inflation is back’ but blames Biden
1 month, 1 week ago

Trump acknowledges ‘inflation is back’ but blames Biden

CNN  

CNN — President Donald Trump, in an interview with Fox News’ Sean Hannity that aired Tuesday night, acknowledged that inflation is on the rise again — bucking his campaign promise to lower prices immediately upon taking office. They spent money like nobody has ever spent.” Trump is right about the return of inflation: Consumer prices rose much more than expected …

It’s easy to guess why Trump has quit talking about inflation
1 month, 1 week ago

It’s easy to guess why Trump has quit talking about inflation

Live Mint  

President Donald Trump has taken a sledgehammer to the US federal government, renamed the Gulf of Mexico, revived plastic straws and pledged to own Gaza, but has done little to address inflation. “No, I think we’re gonna become a rich, look, we aren’t that rich right now, we owe $36 trillion, that’s because we let all these nations take advantage …

The latest inflation report shows that high prices are Trump’s major economic challenge
1 month, 2 weeks ago

The latest inflation report shows that high prices are Trump’s major economic challenge

Associated Press  

WASHINGTON — As a candidate last year, Donald Trump suggested he could easily conquer inflation and ease voters’ fears about the economy. We’re going to knock the hell out of inflation.” Wednesday’s consumer price index report showed that inflation is punching back — and President Trump could end up facing the same challenges that dragged down his predecessor, President Joe …

The latest inflation report shows that high prices are Trump's major economic challenge
1 month, 2 weeks ago

The latest inflation report shows that high prices are Trump's major economic challenge

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. We’re going to knock the hell out of inflation.” …

Inflation is heating up again, putting pressure on Trump to cool it on tariffs
1 month, 2 weeks ago

Inflation is heating up again, putting pressure on Trump to cool it on tariffs

Raw Story  

Inflation figures released on Feb. 12, 2025, will come as a disappointment to Americans who hoped President Donald Trump would be true to his word on bringing down prices “on Day One.” It will also put pressure on the new administration to be wary of policies that may heat up inflation – and that includes tariffs. Trump has also proposed …

Inflation is Trump’s problem now
1 month, 2 weeks ago

Inflation is Trump’s problem now

CNN  

New York CNN — President Donald Trump has a rhetorical style that can be hard to follow. The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. “Blame Biden” satisfies Trump’s need for a simple-to-understand villain, regardless of its accuracy. Trump’s economic agenda doesn’t have much …

Trump demands interest rates to be cut even after inflation hit a seven-month high
Trending News
1 month, 2 weeks ago

Trump demands interest rates to be cut even after inflation hit a seven-month high

Daily Mail  

Donald Trump called for interest rates in the US to be cut last night even after inflation hit a seven-month high. Closely-watched figures showed that inflation in the world’s biggest economy rose from 2.9 per cent in December to 3 per cent in January – their highest level since June. Costs crunch: Donald Trump called for interest rates in the …

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January
1 month, 2 weeks ago

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of groceries, gas, and used cars are increasing with the rise in …

U.S. consumer inflation unexpectedly up, Trump blames Biden
Trending News
1 month, 2 weeks ago

U.S. consumer inflation unexpectedly up, Trump blames Biden

Raw Story  

by Daniel AVIS U.S. consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. "The jump in consumer prices in January supports our view that the Fed will hold rates steady at least through of this year," Nationwide chief economist …

Trump’s Grocery Prices Promise Hit By Surging Inflation
1 month, 2 weeks ago

Trump’s Grocery Prices Promise Hit By Surging Inflation

Huff Post  

LOADING ERROR LOADING President Donald Trump’s election promise to bring down the cost of living took a bruising Wednesday as figures showed that U.S. inflation surged last month. The unexpectedly hot inflation figures blow a hole in one of Trump’s biggest pledges on the campaign trail. We’re going to get the prices down.” Yet shortly after the election, Trump started …

Trump has a plan to lower inflation. It’s just delayed
1 month, 2 weeks ago

Trump has a plan to lower inflation. It’s just delayed

CNN  

CNN — President Donald Trump made a campaign promise to lower prices on Day One. But the bad inflation report also depicts a difficult political reality for the new president: Prices aren’t falling now that Trump is in office; they’re actually rising faster. The Committee for a Responsible Federal Budget last week estimated Trump’s tax cuts would cost between $5 …

Trump says Americans could feel 'some pain' from tariffs as he threatens more import taxes
1 month, 3 weeks ago

Trump says Americans could feel 'some pain' from tariffs as he threatens more import taxes

Associated Press  

PALM BEACH, Fla. — President Donald Trump said Sunday that Americans could feel “some pain” from the emerging trade war triggered by his tariffs against Canada, Mexico and China, and claimed that Canada would “cease to exist” without its trade surplus with the United States. But long term, the United States has been ripped off by virtually every country in …

Prices were a key issue in 2024, but Trump makes clear they're not his top priority
1 month, 3 weeks ago

Prices were a key issue in 2024, but Trump makes clear they're not his top priority

NPR  

Prices were a key issue in 2024, but Trump makes clear they're not his top priority toggle caption Chip Somodevilla/Getty Images For as much that has happened in these first two weeks of the Trump presidency — and it's been a lot — one particular thing has been conspicuously absent: a focus on lowering prices. A top problem Trump said …

Trump lays out plan to battle inflation that he says will make America 'powerful again'
1 month, 3 weeks ago

Trump lays out plan to battle inflation that he says will make America 'powerful again'

Raw Story  

President Donald Trump on Wednesday revealed his long awaited plan to battle inflation and cut prices for consumers now that he has returned to the White House equipped with a Republican-controlled Congress. “Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International …

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?
2 months ago

Trump says inflation isn’t his No. 1 issue. So what will happen to consumer prices?

Associated Press  

WASHINGTON — Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries. We’re going to bring those prices way down.” But in Trump’s first week back in the White House, there was little in his initial blitz of …

5 economic forces that could shape the first year of Trump’s presidency
2 months ago

5 economic forces that could shape the first year of Trump’s presidency

Associated Press  

WASHINGTON — Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions. Here are five economic forces that could shape the first year of Trump’s presidency: For voters, the price still isn’t right Whipping inflation is easier said than done. “But in broad terms, look at what he does and not what he says.” What happens …

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?
2 months, 1 week ago

Inflation remains stubbornly high for many Americans. Could it get worse under Trump?

NPR  

Inflation remains stubbornly high for many Americans. toggle caption Robyn Beck/AFP via Getty Images Inflation has been an economic scourge for many Americans under President Biden — and it could remain a continued problem under Donald Trump. Sponsor Message And now, economists worry inflation could get worse under Trump. toggle caption Andrew Harnik/Getty Images/Getty Images North America Why Trump could …

Trump’s economic team studies gradual tariff hikes to boost negotiating leverage and avoid inflation spike
2 months, 1 week ago

Trump’s economic team studies gradual tariff hikes to boost negotiating leverage and avoid inflation spike

Live Mint  

Members of President-elect Donald Trump’s incoming economic team are discussing slowly ramping up tariffs month by month, a gradual approach aimed at boosting negotiating leverage while helping avoid a spike in inflation, according to people familiar with the matter. One idea involves a schedule of graduated tariffs increasing by about 2% to 5% a month, and would rely on executive …

Economists are worried Trump will cause 'rising inflation and slowing growth': report
2 months, 3 weeks ago

Economists are worried Trump will cause 'rising inflation and slowing growth': report

Raw Story  

President Joe Biden oversaw the United States economy's recovery from the global pandemic, which included lowering unemployment and a slow reduction in inflation. Fortune reported that more than 200 economists were questioned about the future of the U.S., and many confessed a fear of "rising inflation and slowing growth." In their report, the Financial Times and the University of Chicago …

The good, the bad and the uncertainty of the US economy under a Trump presidency
2 months, 3 weeks ago

The good, the bad and the uncertainty of the US economy under a Trump presidency

Live Mint  

What impact will the next US administration have on economic growth and inflation? The answer isn’t clear, because while some of President-elect Donald Trump’s proposed policies would boost growth and reduce inflation over time, while others will have the opposite effect. On the positive side of the ledger, Trump will be pro-business overall, and this fact alone could stimulate economic …

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
3 months ago

Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist

Raw Story  

Americans are starting to wise up to the harsh reality that President-elect Donald Trump has no plan – and never did – to cut prices and bury inflation woes, according to a Washington Post columnist. And that could result in an expensive four years for consumers – many of whom fearing high prices are already stocking up on goods, Catherine …

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty
3 months, 1 week ago

Trump Was Poised To Inherit A Strong Economy. Then Things Got Rocky And He Added To The Uncertainty

Huff Post  

LOADING ERROR LOADING WEST PALM BEACH, Fla. — The smooth economy that Donald Trump was poised to inherit suddenly looks a bit rockier — with critics saying the president-elect is contributing to the uncertainty. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
3 months, 1 week ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Americans may have to actually brace for stagflation with Trump tariffs
3 months, 1 week ago

Americans may have to actually brace for stagflation with Trump tariffs

CNN  

New York CNN — Jamie Dimon, head of America’s largest bank, JPMorgan Chase — and commonly referred to as the ‘president of Wall Street’ — spent much of this past year warning that there’s an elevated risk that the US experiences 1970s-esque stagflation, which is when economic growth stagnates while inflation heats up. His prediction, however, has been pooh-poohed by …

Inflation increases against backdrop of higher tariffs
3 months, 2 weeks ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation increases against backdrop of higher tariffs
3 months, 2 weeks ago

Inflation increases against backdrop of higher tariffs

China Daily  

Inflation in the US crept up in November, posing a challenge for the Federal Reserve in its efforts to continue trimming interest rates, while President-elect Donald Trump floated expanded tariffs. "The possibility the incoming US administration will impose new tariffs on Canadian exports to the United States has increased uncertainty and clouded the economic outlook," the bank's statement said. US …

Inflation is stuck. Can Trump unstick it?
3 months, 2 weeks ago

Inflation is stuck. Can Trump unstick it?

Live Mint  

Inflation played a starring role in last month’s election, and part of Donald Trump ’s pitch was that he would cool things off. In his nomination-acceptance speech at the Republican National Convention in July, Trump said he would “end the devastating inflation crisis immediately." Many of the measures that economists might prescribe to reduce inflation, such as increasing innovation, reducing …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
3 months, 2 weeks ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 2 weeks ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict
3 months, 2 weeks ago

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

Live Mint  

US Inflation Report November 2024: US inflation accelerated for a second straight month in November 2024, reporting the steepest gain in the last seven months amid higher food prices and other sectors. US Inflation Report November 2024: Key Metrics The CPI rose 0.3 per cent last month, the largest gain since April after advancing 0.2 per cent for four straight …

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different
3 months, 3 weeks ago

Trump’s tariffs in his first term did little to alter the economy. This time things could be very different

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Democrats and business groups warn of risks from Trump's tariff threats open image in …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 months, 3 weeks ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Trump has a problem: America's economy is growing but so is its inflation
3 months, 3 weeks ago

Trump has a problem: America's economy is growing but so is its inflation

Firstpost  

Even as the US economy grew by 2.8% in the third quarter, the inflation also grew by 1.9%, complicating the economic outlook that President-elect Donald Trump will inherit in January US President-elect Donald Trump has vowed to fix the United States. Inflation rises by 1.9% — complicating picture for Trump Even as the US economy grew 2.8 per cent year-on-year …

Trump's tariffs in his first term did little to alter the economy, but this time could be different
3 months, 3 weeks ago

Trump's tariffs in his first term did little to alter the economy, but this time could be different

New Indian Express  

"This legislation would enable Congress to limit this sweeping emergency authority and put in place the necessary Congressional oversight before any president – Democrat or Republican – could indiscriminately raise costs on the American people through tariffs," said Rep. Suzan DelBene, D-Wash. The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
4 months ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

Inflation: Biden’s spending is not what caused inflation and Trump’s win.
4 months ago

Inflation: Biden’s spending is not what caused inflation and Trump’s win.

Slate  

By now we are all familiar with the refrain that inflation cost Democrats the election. Critical accounts blame Joe Biden for driving prices higher with federal spending, while sympathetic treatments note a worldwide trend of inflation toppling governments around the world. But the Journal’s own numbers tell a different story, attributing only 0.6 percent of the total inflationary surge across …

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.
4 months, 1 week ago

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.

Huff Post  

SOPA Images via Getty Images Graffiti by the Portuguese artist Kilos depicts Donald Trump with a banana in his mouth. Dietrich Vollrath, professor and chair of economics at the University of Houston, told HuffPost that if the tariff on foreign products is 20% or more, “grocery prices will be demonstrably and persistently higher.” “If Trump signs an executive order mandating …

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