Trump vowed to reduce prices, but his policies have fueled US inflation | Steven Greenhouse
Summary
The article argues that President Donald Trump’s tariffs, Iran conflict and energy policies have increased costs rather than delivered his campaign promises to lower prices. It cites higher fuel costs, estimates of household expenses and wages that have not kept pace with prices; a White House spokesman defended the administration’s economic record and blamed prior inflation on the Biden administration.Key Facts
- Trump campaigned on lowering prices, including energy costs, gasoline, airfares and housing, according to the article.
- The article says Trump imposed new tariffs after the Supreme Court overturned earlier tariffs, and reports that a lower court also found the replacement tariffs unlawful.
- The article cites a Yale Budget Lab estimate that tariffs will cost the average household $1,100 this year.
- AAA reports the national average gasoline price is $4.28 per gallon, according to the article.
- The article says U.S. gasoline prices have risen more than 40% and diesel prices nearly 70% since the Iran conflict began eight months ago.
- The article says average hourly pay and prices have each risen 5.4% since January 2025, leaving no average real wage growth.
- A White House spokesman said Trump’s economic agenda has driven growth, increased wages and created private-sector jobs.
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