“President Donald Trump got elected promising relief for US voters’ pocketbooks. He’s already running into harsh economic reality,” Semafor reports.
“Some Republican lawmakers and CEOs are fretting over sagging consumer sentiment as Trump’s proposed tariffs and federal layoffs stress a system taxed by persistent inflation and a slowing labor market. Stock markets are subdued, and new data shows that people in the US are feeling less optimistic about the economy, with surging expectations of higher prices and fewer jobs.”
“While GOP leaders — and Trump himself — blame former President Joe Biden for rising prices, thanks to his trio of pricey government stimulus laws, there’s a time limit on that argument. Once Trump fully owns the economy, his party will have to answer for the broader economic effects of his policies.”
Save to Favorites