Trump’s recent round of tariffs has raised the cost of living in America, posing a political problem for both the president and Republican lawmakers. Despite campaigning to reduce grocery and staple costs, the rising costs have prompted a drop in Trump’s job approval rating and a souring public view of his handling of the economy. The cost of even “cheap” eats has become a topic of debate on social media. Although the price of eggs has decreased, a dozen is still 64 cents more expensive than a year ago, while chicken, ground beef, and orange juice were more expensive last month compared to a year ago. While inflation has stabilized at 2.7%, policymakers fear that prices could spike again, leading to the Federal Reserve’s reluctance to cut interest rates, a major point of tension between Fed Chair Jerome Powell and Trump.
Trump is experiencing a squeeze due to the increased tariffs. SacDepSpa 928
