Trump, predictably, is refusing to accept any responsibility for the surge in inflation that occurred in January. Despite his bold claims that he would immediately reduce costs upon assuming the presidency, the reality is quite the opposite. At the Republican National Convention, Trump boasted about ending the supposed inflation crisis, lowering interest rates, and decreasing energy costs through increased drilling. However, experts are quick to point out the absurdity of these promises, which are now proving to be nothing more than empty rhetoric.
The tariffs imposed by Trump on China, as well as those on hold for Mexico and Canada, along with the new tariffs on steel and aluminum imports, are only expected to worsen the situation. The CEO of Ford has even warned that these tariffs will have devastating effects on the auto industry, potentially leading to layoffs. It’s worth noting that Ford generously donated $1 million to Trump’s inaugural fund, so it’s no surprise that they’re feeling the pinch now.
Inflation is on the rise, consumer confidence is plummeting, and Trump’s approval rating is at an all-time low for a new president. Despite all this, legislative progress remains at a standstill. A recent poll found that a whopping 66% of Americans believe Trump isn’t doing enough to lower prices. In January alone, inflation increased by 3% from the previous year, marking the largest one-month jump since 2023. It seems that the warning signs are clear, but whether Trump will take heed remains to be seen.
Blue Press Journal 
Leave a comment