Whoops! Donald Trump Admits He Doesn’t Know How to Fix Inflation
In fact, his most cherished economic policy will almost certainly make things much worse.
Donald Trump knows that he won the presidency because grocery prices are high. What he doesn’t know is how to actually get those prices to come down.
In a lengthy interview with Time magazine published Thursday, Trump had changed up his tune when asked if his presidency would be a failure if he couldn’t deliver his promise to lower the price of groceries.
“I don’t think so. Look, they got them up. I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” Trump said.
“I think that energy is going to bring them down. I think a better supply chain is going to bring them down. You know, the supply chain is still broken. It’s broken. You see it. You go out to the docks and you see all these containers,” Trump said. He proceeded to describe a port in California that held over a dozen full shipping containers as evidence for a “broken” supply chain.
It seems Trump is already trying to manage expectations after making more than a few lofty promises about bringing grocery prices down, a goal that is not reflected in his disastrous proposed economic policies. Trump’s plan to implement 25 percent tariffs on Canada and Mexico will likely increase the price of everyday consumer products, like groceries. In 2022, Mexico accounted for a whopping 69 percent of U.S. vegetable imports and 51 percent of fresh fruit imports.
On Meet the Press Sunday, Trump claimed that he’d won the election on solely the issue of groceries. “Very simple word, groceries. Like almost—you know, who uses the word? I started using the word—the groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time, and I won an election based on that.”