Americans 'seem to be catching on' to harsh reality of Trump's campaign pledge: columnist
1 week, 6 days 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 Rampell wrote in an opinion piece Thursday for the Post. “One thing Trump didn’t acknowledge, however, is how his economic agenda — tariffs, deportations, tax cuts, and kneecapping the Federal Reserve — could worsen the problem that voters hired him to solve,” according to the columnist. “Most likely, Americans are absorbing news coverage of Trump’s proposed tariffs and their potential to raise prices on food, cars, apparel, appliances and other common household purchases.” Trump’s threats of mass deportations could also drive up fruit, vegetable and dairy prices, she warned.

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Americans rush to buy cars, appliances before Trump's new tariffs
2 weeks, 6 days ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office in January, a …

Americans may have to actually brace for stagflation with Trump tariffs
3 weeks, 2 days 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 …

'Burdened by incoherence': Columnist flags flip-flop on Trump's inflation promise
3 weeks, 6 days ago

'Burdened by incoherence': Columnist flags flip-flop on Trump's inflation promise

Raw Story  

Donald Trump will not be sworn into office until Jan. 20, but he has been discussing his "day one" goals for months. “I won on groceries," Trump bragged to NBC News "Meet the Press" host Kristen Welker last weekend. Trump concluded the statement by promising, “We’re going to bring those prices way down.” Then something changed, Benen wrote. In other …

‘Did he lie?’: Trump questioning his price-lowering promises are possible sparks anger
3 weeks, 6 days ago

‘Did he lie?’: Trump questioning his price-lowering promises are possible sparks anger

Raw Story  

As a candidate, Donald Trump campaigned—and won—this year on the promise he would lower prices for Americans angry after the COVID pandemic's inflation brought steep price increases, but now he's backtracking, saying he's not sure he will actually be able to fulfill those vows. As recently as Sunday, MSNBC reports, Trump insisted, “We’re going to bring those prices way down.” …

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
3 weeks, 6 days ago

Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices

Huff Post  

LOADING ERROR LOADING President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.” “We will end inflation and make America affordable …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
4 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?
4 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 …

Trump says 'can't guarantee' tariffs won't raise prices
Top News
4 weeks, 2 days ago

Trump says 'can't guarantee' tariffs won't raise prices

China Daily  

US President-elect Donald Trump said in an interview aired on Sunday that he could not "guarantee" consumer prices would not rise under his proposed tariffs, while US economists and companies have called for no more increased tariffs. Although he said he disagrees with economists' contention that consumer prices would rise with increased tariffs, he said in an interview on NBC's …

Fact-check: Donald Trump’s latest claims on tariffs, murders and more
1 month ago

Fact-check: Donald Trump’s latest claims on tariffs, murders and more

Al Jazeera  

In a December 8 interview on NBC’s Meet the Press, United States President-elect Donald Trump elaborated on plans for removing people illegally residing in the country and imposing tariffs on trade partners – and made some false claims to support them. On his plans to carry out mass deportations, Trump said he would start with people convicted of crimes and …

Trump "can't guarantee" his tariffs won't raise prices for American families
Top News
1 month ago

Trump "can't guarantee" his tariffs won't raise prices for American families

Salon  

President-elect Donald Trump on Sunday said he “can’t guarantee” that American consumers won’t pay higher prices under his proposed tariff plan in an interview on NBC’s “Meet the Press.” “I can’t guarantee anything. I can’t guarantee tomorrow,” Trump told NBC News host Kristen Welker after she asked him whether he could guarantee American families won’t pay more if he chooses …

Fox News anchor suggests people need to get ‘realistic’ about Trump tariffs: ‘Who’s going to pay for that? We are!’
1 month, 1 week ago

Fox News anchor suggests people need to get ‘realistic’ about Trump tariffs: ‘Who’s going to pay for that? We are!’

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. Read our privacy policy Fox News anchor Julie Banderas was “realistic” on Thursday about …

Trump has a problem: America's economy is growing but so is its inflation
1 month, 1 week 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
Trending News
1 month, 1 week 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 …

'Mind boggling': CEO puts Trump on notice he's on the way to 'higher prices and inflation'
1 month, 1 week ago

'Mind boggling': CEO puts Trump on notice he's on the way to 'higher prices and inflation'

Raw Story  

Donald Trump's threatened tariff plan will result in higher shoe prices, according to a retail industry trade group CEO. Matt Priest, CEO of Footwear Distributors and Retailers of America, appeared on CNN on Wednesday to discuss Trump's plan to install high tariffs on foreign goods. "So if you think about a kid's shoe making its way across the border, any …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
1 month, 1 week ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

'U.S. jobs are at risk': Economic columnist sounds alarm on Trump's 'disastrous' plan
1 month, 1 week ago

'U.S. jobs are at risk': Economic columnist sounds alarm on Trump's 'disastrous' plan

Raw Story  

Donald Trump's plans to throw drastic new tariffs at goods from Canada and Mexico are going to have immediate and massive impacts on American consumers, Washington Post economic analyst Catherine Rampell told CNN's Erica Hill on Tuesday — and not in a good way. So yes, as it pertains to Donald Trump's promise that he would lower grocery prices, this …

'Shouldn't be a surprise': CNN hypes CEO warnings that Trump promise will see prices soar
Trending News
1 month, 1 week ago

'Shouldn't be a surprise': CNN hypes CEO warnings that Trump promise will see prices soar

Raw Story  

President-elect Donald Trump on Monday threatened to jack up tariffs on all goods coming in from Canada, Mexico and China immediately upon entering office — and CNN's Kasie Hunt on Tuesday reported that big-name retail chains are already warning of price hikes for customers. "Tariffs are effectively a tax on imported goods and experts warn that they result in higher …

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"
1 month, 2 weeks ago

Trump's Truth Social rant suggests he'll "intentionally raise prices for the American people"

Salon  

Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow …

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing
1 month, 2 weeks ago

Trump’s proposed tariffs could bring higher prices for groceries, cars and clothing

LA Times  

A customer shops for groceries in January in Wheeling, Ill. Prices for consumer goods could rise across the board if new tariffs are imposed once President-elect Donald Trump takes office next year. “If we get tariffs, we will pass those tariff costs back to the consumer,” Phil Daniele, chief executive of AutoZone, said in the company’s most recent earnings call. …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Top News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential transition gets approval from most Americans overall and brings near-universal approval from his voters, …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Top News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

Trump makes more administration picks Trump announces more administration picks, including treasury secretary 03:05 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Trending News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

Trump makes more administration picks Trump announces more administration picks, including treasury secretary 03:05 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Top News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

Trump makes more administration picks Trump announces more administration picks, including treasury secretary 03:05 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential …

CBS News poll finds Trump starts on positive note as most approve of transition handling
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

CBS News poll on Trump transition CBS News poll shows 59% approval for Trump's handling of presidential transition 03:28 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Top News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

Trump makes more administration picks Trump announces more administration picks, including treasury secretary 03:05 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential …

CBS News poll finds Trump starts on positive note as most approve of transition handling
Top News
1 month, 2 weeks ago

CBS News poll finds Trump starts on positive note as most approve of transition handling

CBS News  

Trump makes more administration picks Trump announces more administration picks, including treasury secretary 03:05 President-elect Donald Trump's incoming administration starts off with mostly good will from the public: a majority of Americans overall are either happy or at least satisfied that he won and are either excited or optimistic about what he'll do as president. Trump's handling of his presidential …

CNN host brushes off Trump ally's two-minute tap-dance on controversial policy
1 month, 2 weeks ago

CNN host brushes off Trump ally's two-minute tap-dance on controversial policy

Raw Story  

CNN's Kate Bolduan dismissively brushed off Donald Trump's surrogate's filibuster on the economy. Major retailers like Walmart and Lowe's have already warned that consumer prices would increase if the president-elect follows through on his campaign promise to impose tariffs on Chinese imports, but Trump ally Madison Gesiotto insisted that most economists were wrong about their potentially "catastrophic" impact. When I …

Americans continue to spend despite naming the economy and inflation as top election concerns
1 month, 3 weeks ago

Americans continue to spend despite naming the economy and inflation as top election concerns

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Americans stepped up their …

Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills
1 month, 3 weeks ago

Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills

Associated Press  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump’s plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

We're Economists. Here's What We Really Think Of Trump's Plan To 'Lower' Grocery Prices.
1 month, 3 weeks 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 …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
1 month, 3 weeks ago

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years

CNN  

New York CNN — Americans are shelling out 22% more for groceries compared to when President Joe Biden took office in January 2021, according to October Consumer Price Index inflation data. “That’s going to bring down prices of everything.” Weekly US crude oil production just hit a new record of 13.5 million barrels per day, according to federal data dating …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
1 month, 3 weeks ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist
Trending News
1 month, 3 weeks ago

'Really rude shock' coming to Trump voters on inflation: Nobel Prize-winning economist

Raw Story  

New York Times columnist and Nobel Prize-winning economist Paul Krugman said that voters who believed President-elect Donald Trump would do a better job of handling inflation than Vice President Kamala Harris are in for a "really rude shock." In a podcast published by the Times this week, Krugman outlined why Trump's proposed economic policies were likely to do the exact …

Fed up with high prices? Here's where things stand with inflation
1 month, 3 weeks ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns
1 month, 3 weeks ago

The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns

CNN  

New York CNN — Larry Summers has some unsolicited advice for President-elect Donald Trump: Don’t keep your campaign promises — unless you want to send prices skyrocketing once again. “In his first term, President Trump instituted tariffs against China that created jobs, spurred investment, and resulted in no inflation,” Karoline Leavitt, a Trump transition spokesperson, said in a statement. “President …

Trump’s mass deportations will raise grocery prices even higher: Nobel-winning economist
1 month, 4 weeks ago

Trump’s mass deportations will raise grocery prices even higher: Nobel-winning economist

Raw Story  

President-elect Donald Trump’s plans to institute across-the-board tariffs and mass deportation of undocumented immigrants will likely usher in the unintended consequence of “soaring inflation,” according to a Noble Prize-winning economist, who added that grocery and housing prices will specifically be affected. “If these workers are deported, the food industry will probably have great difficulty replacing them,” Krugman wrote Monday, noting …

Markets hail Trump’s economics
1 month, 4 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

Soaring inflation helped lead Trump to victory – here’s why some of his policies might drive prices higher again
1 month, 4 weeks ago

Soaring inflation helped lead Trump to victory – here’s why some of his policies might drive prices higher again

New Indian Express  

President-elect Donald Trump owes his political comeback in large part to voters’ concerns over the soaring price of everything from gasoline and housing to coffee and bagels. But in an ironic twist, some of Trump’s own policies – which he heavily promoted on the campaign trail – could send inflation soaring once more if enacted. Stagnant real wages Exit poll …

For what comes next in markets, look back to 2016
1 month, 4 weeks ago

For what comes next in markets, look back to 2016

Live Mint  

The challenge is to split out what he really plans to do, and in what order, from what was merely campaign rhetoric. Clampdowns on immigration and high tariffs would hurt the economy, while lower corporate taxes and less regulation would help economic growth and stock prices. There was a lot of uncertainty ahead of the vote, because the polls—which proved …

Voter frustration with rising prices had a major impact on the election
2 months ago

Voter frustration with rising prices had a major impact on the election

NPR  

Voter frustration with rising prices had a major impact on the election We look at the impact of inflation on the outcome of the presidential elections this week. Maziar Minovi, who heads the Eurasia Group, has studied dozens of elections going back decades and found whenever there's a sustained period of high inflation, voters are twice as likely to lose …

Trump promised voters their incomes and net worth will soar. Economists are not convinced
2 months ago

Trump promised voters their incomes and net worth will soar. Economists are not convinced

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. Read our privacy policy Inside a Pennsylvania arena, President-elect Donald Trump promised voters their …

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy
2 months ago

Retailers are already preparing for Trump’s tariffs that threaten to upend the economy

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 adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to …

How Trump won the economy-is-everything election
2 months ago

How Trump won the economy-is-everything election

Live Mint  

Roughly 40% of voters said the economy was their top issue, far outstripping any other issue, and those voters favored Donald Trump by 60% to 38%. “I just feel a big exhale," she said, “like let’s move forward because we’re going to be OK." View Full Image Amanda DiAntonio, who said she voted for Trump because of the economy, at …

Inflation versus wages: Trump’s stunning comeback explained in two charts
2 months ago

Inflation versus wages: Trump’s stunning comeback explained in two charts

Al Jazeera  

The rise in prices under the Biden administration proved fatal to Kamala Harris’s election hopes. In exit polls, 45 percent of voters said they were worse off than four years ago, when President Joe Biden took office, versus just 24 percent who said their financial situation had improved. Voters who named inflation as their number one concern broke for Trump …

This one Trump policy could have blown election he should be 'running away with': analyst
2 months ago

This one Trump policy could have blown election he should be 'running away with': analyst

Raw Story  

Republicans only have former President Donald Trump to blame for a presidential election they should be primed to win but could easily lose, wrote New York Times analyst Matt Yglesias Monday. "The question of why, exactly, voters so hate inflation — which increases wages and prices symmetrically — has long puzzled economists," he wrote. Yglesias suspects a big part of …

Trump's economic plans would bring 'off the charts' chaos and high gas prices: economists
2 months, 3 weeks ago

Trump's economic plans would bring 'off the charts' chaos and high gas prices: economists

Raw Story  

The Washington Post on Wednesday reported on the likely impacts of former President Donald Trump's economic proposals and found that they would likely cause massive disruptions were they actually implemented as described. “This would stand way off the charts.” The Post notes that the United States at the moment imports more than $1 trillion worth of goods from overseas every …

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn
2 months, 3 weeks ago

Trump's Economic Plans Would Actually Worsen Inflation, Experts Warn

Huff Post  

LOADING ERROR LOADING WASHINGTON — With characteristic bravado, Donald Trump has vowed that if voters return him to the White House, “inflation will vanish completely.” It’s a message tailored for Americans who are still exasperated by the jump in consumer prices that began 3 1/2 years ago. Sixteen Nobel Prize-winning economists signed a letter in June expressing fear that Trump’s …

Trump's economic plans would worsen inflation, experts say
2 months, 3 weeks ago

Trump's economic plans would worsen inflation, experts say

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Sixteen Nobel Prize-winning economists signed …

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