Trump is engineering 'a recession-level event': economist
2 months ago

Trump is engineering 'a recession-level event': economist

Raw Story  

President Donald Trump's new operations to deport undocumented immigrants have already spooked large numbers of agricultural workers who are staying away from their jobs for fear of being caught up in an Immigration and Customs Enforcement raid. In an interview with The New Republic, Cal State-Bakersfield economics professor Richard S. Gearhart warned that the loss of farm workers could portend "absolute economic devastation" in the coming months. Trump vowed during the 2024 presidential campaign that he would bring down the price of groceries, which had spiked early in the Biden administration due to a quick rise in inflation. Even though inflation had returned to under three percent by the end of Biden's term, many of Trump's proposed policies, including not just mass deportations but also hefty tariffs on all imported goods, could send costs soaring again.

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History of this topic

Trump is claiming credit for plummeting egg costs. So why haven’t you noticed lower prices?
1 week ago

Trump is claiming credit for plummeting egg costs. So why haven’t you noticed lower prices?

CNN  

New York CNN — The Trump administration is declaring victory for defeating a massive pain point for inflation-weary Americans: Egg prices are plunging. White House Press Secretary Karoline Leavitt said at a press briefing Monday that falling egg prices show the administration is working quickly and diligently to solve America’s affordability crisis. “So I think the American people do have …

USA’s egg-o-nomic crisis: Netizens troll Trump as he asks Denmark for help after Greenland threats
1 week, 1 day ago

USA’s egg-o-nomic crisis: Netizens troll Trump as he asks Denmark for help after Greenland threats

Hindustan Times  

The United States is currently in the midst of a “scramble” — but not the kind many Americans are used to making for breakfast. The US has asked Denmark to export eggs to help tackle America’s ongoing shortage The price hikes have left many questioning how a nation as powerful and resource-rich as the United States could find itself facing …

'A beautiful thing': Trump brags egg prices have 'come down a lot' — despite them soaring
1 week, 6 days ago

'A beautiful thing': Trump brags egg prices have 'come down a lot' — despite them soaring

Raw Story  

As President Donald Trump showcased Tesla electric vehicles on the South Lawn of the White House on Tuesday, he faced questions about the timing of what is being called a “car commercial.” With stock markets tumbling—taking retirement accounts with them—and some Americans grappling with job uncertainty, some wondered about his decision to highlight automobiles made by a company run by …

Egg prices are finally falling. But they’re about to spike again
Trending News
1 week, 6 days ago

Egg prices are finally falling. But they’re about to spike again

CNN  

New York CNN — There may be some cracks forming in the egg market. Agriculture Secretary Brooke Rollins last month announced a plan to invest $1 billion in strategies to rein in soaring egg prices but acknowledged in an op-ed in the Wall Street Journal that it “won’t erase the problem overnight.” She said the egg market won’t stabilize for …

Inflation cooled in February, but Trump's trade war threatens to raise prices
1 week, 6 days ago

Inflation cooled in February, but Trump's trade war threatens to raise prices

Salon  

If your wallet has whiplash from an uncertain economy, here's a bit of welcome news: Inflation eased more than expected last month. A report released by the Bureau of Labor Statistics on Wednesday showed the Consumer Price Index — a measure of average change in prices paid by consumers over time — increased by 0.2% in February, down from a …

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears
2 weeks, 1 day ago

'Going to bite him': Dem pundit wrecks Trump's handling of economy amid recession fears

Raw Story  

Democratic strategist Maria Cardona issued a warning to President Donald Trump about his handling of the economy, telling CNN Monday that it will "come back and bite him." Trump had a chance to tamp down recession fears when asked by Fox Business Network's Maria Bartiromo on Sunday, but said only, "I hate to predict things like that. That's how much …

'Shut Up About Egg Prices': Trump Shares Brazen Message About High Costs
2 weeks, 1 day ago

'Shut Up About Egg Prices': Trump Shares Brazen Message About High Costs

Huff Post  

LOADING ERROR LOADING President Donald Trump, who promised to cut the cost of groceries on his first day in office, now seems to have a much different take on high prices as he shared a column with a very blunt headline: “Shut Up About Egg Prices ― Trump Is Saving Consumers Millions.” Trump posted a link to the Feb. 17 …

Trump slammed Harris' 'communist' price-gouging plan — but his DOJ is probing just that
2 weeks, 3 days ago

Trump slammed Harris' 'communist' price-gouging plan — but his DOJ is probing just that

Raw Story  

President Donald Trump's Justice Department is opening a federal investigation into whether the nation's largest egg suppliers are engaging in price fixing or collusion — a 180-degree reversal from the GOP's position on the subject when egg prices surged two years ago under President Joe Biden, reported the Wall Street Journal on Friday. Despite the disruptions to the supply chain, …

Why should America worry about Trump? Try the price of eggs, say some Democrats
2 weeks, 4 days ago

Why should America worry about Trump? Try the price of eggs, say some Democrats

Associated Press  

NEW YORK — As their party struggles to navigate the early days of Donald Trump’s second presidency, some Democrats are convinced that their road to recovery lies in the price of eggs. “When that is your day-to-day worry, the philosophical conversations about a constitutional crisis or the democracy is simply not a luxury you can afford,” Rep. Kristen McDonald Rivet, …

‘Bear with me': Donald Trump’s message to US farmers and consumers bracing for tariff effects
Trending News
2 weeks, 5 days ago

‘Bear with me': Donald Trump’s message to US farmers and consumers bracing for tariff effects

Hindustan Times  

Farmers and meat producers across the U.S. can expect the new tariffs on Mexico, Canada, and China and the retaliatory action from those countries to hurt their bottom lines by billions of dollars if they stay in place a while, and consumers could quickly see higher prices for produce and ground beef. Plus, President Donald Trump could offer farmers significant …

Commentary: Trump promised lower food prices immediately, but I gave him six weeks. Here's my grocery bill
2 weeks, 5 days ago

Commentary: Trump promised lower food prices immediately, but I gave him six weeks. Here's my grocery bill

LA Times  

Last year, it wasn’t uncommon to hear voters cite the price of groceries — including eggs — as a pivotal issue for them, and among those who said inflation in general was the most important issue, two-thirds of them voted for President Trump, according to one survey. But he yanked his Day 1 promise and pointed a finger, saying Biden …

Are egg producers inflating prices during the bird flu outbreak to boost profits?
Top News
3 weeks, 4 days ago

Are egg producers inflating prices during the bird flu outbreak to boost profits?

Associated Press  

— Egg producers blame the bird flu outbreak for driving prices to record highs, but critics believe giant companies are taking advantage of their market dominance to profit handsomely at the expense of budget-conscious egg buyers. “Donald Trump promised to lower food prices on ‘Day One’, but with egg prices skyrocketing out of control, he fired the workers charged with …

Egg prices likely to remain high as shortage tipped to last until 2028
3 weeks, 4 days ago

Egg prices likely to remain high as shortage tipped to last until 2028

ABC  

Shoppers are being warned that egg shortages could continue for at least another three years. Boyd Carmody from Creswick Open Range Eggs, who runs about 160 birds per hectare, said not all of the proceeds from supermarket price rises were being filtered back to farmers, and consumers should brace for more disease outbreaks disrupting supply. "Now that we've got bird …

Trump’s got a bird flu plan. So when will eggs stop costing so much?
3 weeks, 5 days ago

Trump’s got a bird flu plan. So when will eggs stop costing so much?

CNN  

New York CNN — Egg prices are surging so high that the Trump administration is pledging to step in and solve the crisis — but don’t expect relief the next time you go grocery shopping. Yet in an op-ed in the Wall Street Journal, Rollins acknowledged that it “won’t erase the problem overnight.” Rather, she said the egg market won’t …

What’s in Trump’s $1bn plan to bring egg prices down?
3 weeks, 5 days ago

What’s in Trump’s $1bn plan to bring egg prices down?

Al Jazeera  

A dozen eggs in the US currently cost $4.95, an all-time high. “American farmers need relief, and American consumers need affordable food,” wrote Trump’s Agriculture Secretary Brooke Rollins in a Wall Street Journal editorial. “To every family struggling to buy eggs: We hear you, we’re fighting for you and help is on the way.” But just how bad is the …

Trump promised to lower egg prices on ‘day one.’ Now his administration admits there’s no ‘silver bullet’
3 weeks, 5 days ago

Trump promised to lower egg prices on ‘day one.’ Now his administration admits there’s no ‘silver bullet’

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 During the campaign, President …

Egg prices could jump another 41% this year, USDA says, as Trump’s bird flu plan unveiled
Trending News
3 weeks, 6 days ago

Egg prices could jump another 41% this year, USDA says, as Trump’s bird flu plan unveiled

Associated Press  

WASHINGTON — The Agriculture Department predicts the current record prices for eggs could soar more than 40% in 2025, as the Trump administration offered the first new details Wednesday about its plan to battle bird flu and ease the cost of eggs. Egg and poultry farmers have already been working to protect their birds ever since the 2015 bird flu …

Senators from both parties demand Trump administration take action against bird flu: ‘A new urgency is required’
1 month ago

Senators from both parties demand Trump administration take action against bird flu: ‘A new urgency is required’

The Independent  

Sign up for our free Health Check email to receive exclusive analysis on the week in health Get our free Health Check email Get our free Health Check email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Groups of bipartisan senators are writing to newly-confirmed Agriculture Secretary Brooke …

As egg prices soar, Trump administration plans new strategy to fight bird flu
1 month ago

As egg prices soar, Trump administration plans new strategy to fight bird flu

Associated Press  

MINNEAPOLIS — With egg prices soaring, the Trump administration is planning a new strategy for fighting bird flu that stresses vaccinations and tighter biosecurity instead of killing off millions of chickens when the disease strikes a flock. The federal government will seek “better ways, with biosecurity and medication and so on” rather than the current standard practice of destroying all …

Trump’s Grocery Prices Promise Hit By Surging Inflation
1 month, 1 week 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 furiously spins to blame Joe Biden after bad new inflation data
1 month, 1 week ago

Trump furiously spins to blame Joe Biden after bad new inflation data

Raw Story  

Inflation data released on Wednesday showed that prices unexpectedly grew in January, the first month of President Donald Trump's second term. "Egg prices, a closely watched symbol of rising costs, soared 53% in January compared to a year ago," ABC News writes. "Beef prices climbed 5% and bacon prices jumped 6% in January compared to a year ago, data showed." …

High egg prices weren’t Biden’s fault. They’re not Trump’s either, but they’re his problem now
1 month, 2 weeks ago

High egg prices weren’t Biden’s fault. They’re not Trump’s either, but they’re his problem now

CNN  

New York CNN — The soaring price of eggs has alarmed consumers and the agriculture industry, and practically everyone in Washington is pointing fingers in various directions to direct blame. Industry leaders including the American Egg Board are calling for a “comprehensive response” to the virus to stop the spread and stop prices from rising. Last week, pushing back, White …

Trump inherits Biden’s ‘astonishing’ jobs legacy — but prices already soar on his watch
1 month, 2 weeks ago

Trump inherits Biden’s ‘astonishing’ jobs legacy — but prices already soar on his watch

Raw Story  

The January jobs report has been released, showing unemployment remaining near historic lows. As President Donald Trump takes over, he is inheriting what one noted economist is calling President Joe Biden’s “astonishing” and “beautiful” jobs record and labor market. If the economy continues its momentum, the unemployment rate isn’t far from returning to its fifty year low.” But according to …

Egg-heist, surcharge per piece and more: Why is the US facing an egg crisis?
Trending News
1 month, 2 weeks ago

Egg-heist, surcharge per piece and more: Why is the US facing an egg crisis?

Firstpost  

A shortage of eggs has left American consumers and businesses scrambling. Around 100,000 eggs worth $40K were stolen from a distribution trailer in Pennsylvania and a restaurant chain is putting a 50 cent per egg surcharge Egg prices have surged by 65.1 per cent in US compared to two years ago. Prices have skyrocketed, popular restaurant chains like Waffle House …

Is US egg shortage Biden’s fault, as Trump spokesperson claims?
1 month, 3 weeks ago

Is US egg shortage Biden’s fault, as Trump spokesperson claims?

Al Jazeera  

Karoline Leavitt blames Biden for egg shortage, but killing infected birds was Trump’s policy, too President Donald Trump promised to lower prices for groceries, including eggs. A USDA bird flu response plan, updated in May 2017 during Trump’s first administration, incorporates policy guidance based on lessons from influenza outbreaks during the Obama and first Trump administrations. Our ruling Leavitt said …

Trump White House blames high egg costs on Biden's 'mass killing' of chickens
1 month, 3 weeks ago

Trump White House blames high egg costs on Biden's 'mass killing' of chickens

Raw Story  

President Donald Trump pledged to bring down grocery prices on "Day One," but instead, egg prices have soared. The mortality rate for birds infected with bird flu "can cause disease that affects internal organs as high 90% or even 100% in chickens, often within 48 hours," the Center for Disease Control said. Updated information on the bird flu outbreak will …

'The public is going to get angry': Dem insider warns broken Trump promise will hurt him
1 month, 3 weeks ago

'The public is going to get angry': Dem insider warns broken Trump promise will hurt him

Raw Story  

In his first week in office, President Donald Trump pardoned violent criminals and fired independent government watchdogs, but did little to lower the price of groceries. Democratic strategist Christine Quinn warned on CNN that this could be a big problem for Trump, as voters have regularly said that lowering grocery prices should be his top priority. "They made promises and …

Trumponomics is back: Tech-bros are delighted, but the price of eggs is soaring
2 months ago

Trumponomics is back: Tech-bros are delighted, but the price of eggs is soaring

Salon  

During the presidential campaign last year, Donald Trump made a series of speeches and appearances at economic clubs around the country. Trump evidently believes he won the election because he used the word "groceries," which he thinks was a unique and brilliant innovation that he was the first to deploy in a presidential campaign. As NBC News reports, one of …

'Soaring': Price of grocery staple Trump promised to make cheaper hits new record high
2 months ago

'Soaring': Price of grocery staple Trump promised to make cheaper hits new record high

Raw Story  

Donald Trump made the economy a major focus of his 2024 campaign, repeatedly blaming then-President Joe Biden and then-Vice President Kamala Harris for inflation. In fact, Olmsted — citing Consumer Price Index data — notes that egg prices hit an all-time high on the third day of Trump's second presidency. Egg prices in the United States, Olmsted warns in an …

Citrus harvest 'virtually halted' as workers fearing Trump order skip work: report
2 months ago

Citrus harvest 'virtually halted' as workers fearing Trump order skip work: report

Raw Story  

President Donald Trump made major promises during the 2024 campaign to lower the cost of groceries. However, it appears that the president's executive orders on immigration could be throwing a wrench into any progress being made to lower the cost of food. NBC Bay Area reports that the citrus harvest in California's Central Valley has been "virtually halted" because migrant …

'About to get worse': Why egg prices are set to skyrocket
2 months ago

'About to get worse': Why egg prices are set to skyrocket

Raw Story  

During his 2024 campaign, President-elect Donald Trump repeatedly made the promise that "prices will come down," BBC reports, but according to two experts, that won't be happening any time soon — at least when it comes to the price of eggs. While eggs are already "40% more expensive now than they were a year ago," KTLA notes, according to the …

Trump ran on promise to lower grocery prices — few Americans now believe he will
2 months, 1 week ago

Trump ran on promise to lower grocery prices — few Americans now believe he will

Raw Story  

Just days before he is set to raise his right hand and place his left on a Bible to swear an oath to the Constitution, President-elect Donald Trump faces low public confidence in his ability to fulfill one of his top campaign promises: lowering the price of groceries. “From the day I take the oath of office, we’ll rapidly drive …

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 …

Despite inflation, some everyday products actually dropped in price this year
2 months, 3 weeks ago

Despite inflation, some everyday products actually dropped in price this year

CNN  

CNN — From a purely economic standpoint, 2024 wasn’t too shabby a year for inflation.. Gasoline 2024 price change : Down 7.6% Gas prices may be highly volatile and highly integral to aspects of life and business, but they’re also highly visible reminders of how prices are trending. “Even during the pandemic, when inflation was rampant across the economy, most …

Grocery prices: Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve
3 months, 1 week ago

Grocery prices: Trump just said groceries will be more affordable ‘very soon.’ He’s also said that might be very hard to achieve

CNN  

New York CNN — President-elect Donald Trump says Americans not being able to afford groceries will be a relic of the past. “They’re going to be affording their groceries very soon,” he said Thursday before ringing the opening bell at the New York Stock Exchange, where he was honored as Time’s “Person of the Year.” Americans paid 22% more for …

'U.S. jobs are at risk': Economic columnist sounds alarm on Trump's 'disastrous' plan
3 months, 3 weeks 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 …

Farmers panic that Trump policy could cause 'catastrophic nightmare': report
Trending News
4 months, 1 week ago

Farmers panic that Trump policy could cause 'catastrophic nightmare': report

Raw Story  

Farmers are panicking about President-elect Donald Trump's return to the White House in 2025, according to a new report. Trump's promise to enact mass deportations could result in a "massive loss of revenue" for farmers who rely on immigrant labor to stay afloat, Newsweek reported Monday. "The idea of mass deportations is frightening and scary, just on a humane level," …

Farmers panic that Trump policy could cause 'catastrophic nightmare': report
Trending News
4 months, 1 week ago

Farmers panic that Trump policy could cause 'catastrophic nightmare': report

Raw Story  

Farmers are panicking about President-elect Donald Trump's return to the White House in 2025, according to a new report. Trump's promise to enact mass deportations could result in a "massive loss of revenue" for farmers who rely on immigrant labor to stay afloat, Newsweek reported Monday. "The idea of mass deportations is frightening and scary, just on a humane level," …

Grocery prices are high. Trump’s mass deportations could make matters worse
Trending News
4 months, 1 week ago

Grocery prices are high. Trump’s mass deportations could make matters worse

CNN  

New York CNN — Americans are fed up with high grocery store bills and they’re hoping President-elect Donald Trump will bring relief. “It’s based on a fundamental misunderstanding of how supply and demand work — and what immigrants do in this economy,” said Hernandez, author of “The Truth About Immigration.” Any easing in demand for food from deportations would be …

Food prices worried most voters, but Trump’s plans likely won’t lower their grocery bills
4 months, 1 week 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.
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 …

High grocery prices got droves of Americans to vote for Trump but they shouldn’t expect to pay less over the next four years
4 months, 1 week 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
4 months, 1 week 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
4 months, 1 week 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 …

Trump's plans would 'damage' American economy for more than a decade: study
5 months, 3 weeks ago

Trump's plans would 'damage' American economy for more than a decade: study

Raw Story  

A new study from the Peterson Institute for International Economics projected that former President Donald Trump's second-term policy proposals of mass deportations and massive tariffs on all foreign goods would do significant damage to the American economy. As CNN reports, the study projected that Trump's plans "would cause weaker economic growth, higher inflation and lower employment," and that in some …

Trump’s promises would spike inflation and wipe out jobs, study finds
5 months, 3 weeks ago

Trump’s promises would spike inflation and wipe out jobs, study finds

CNN  

CNN — Former President Donald Trump has promised to attack the United States affordability crisis by imposing immense tariffs, carrying out unprecedented deportations and even influencing interest rate decisions. A loss of Fed independence would cause “permanently higher inflation” that “leads to ever-increasing prices across the US economy,” the paper said. At an event in Michigan last week, Trump praised …

'Extremely dangerous': Experts warn Trump's favorite promise may blow up in America's face
7 months ago

'Extremely dangerous': Experts warn Trump's favorite promise may blow up in America's face

Raw Story  

Former President Donald Trump's favorite campaign promise to voters would likely blow up in Americans' faces, economic experts told CNN on Tuesday. Wolfers predicted what CNN described as inescapable "doom loop" should Trump reverse course on the Federal Reserve's surprisingly successful efforts to slow inflation slowly and ease the rate at which prices rise, according to the report. “It’s very …

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers
7 months ago

"Extremely dangerous": Economists say Trump's inflation plan could badly backfire on workers

Salon  

Donald Trump told voters during a speech last week that he would bring prices back to pre-COVID levels if elected, drawing heavy skepticism from economists who have studied his proposals. Related A survey of economists found most believe inflation would get worse under Trump He explained that Trump isn’t trying to slow the rate of inflation by increasing prices at …

Conservative admits Trump’s policies 'would result in price spikes' for most Americans
9 months, 2 weeks ago

Conservative admits Trump’s policies 'would result in price spikes' for most Americans

Raw Story  

One plank of former President Donald Trump's 2024 campaign is lowering prices for gas and groceries, which remains a top concern of most American voters. But at least one economic expert is doubtful that Trump's policies would do anything to make goods more affordable — in fact, he says prices will likely jump even higher under a second Trump administration. …

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