Trump Backtracks On Campaign Pledge To Bring Down Grocery Prices
www.huffpost.com
The president-elect walked back what was always a wildly unrealistic campaign promise.

Summary

Trump admitted it will be difficult to lower consumer prices, despite campaign promises to reduce grocery, energy, and overall inflation costs.

Trump told Time that achieving price reductions is rare without major economic downturns.

During the campaign, Trump blamed rising costs on Democratic leadership and proposed tariffs as a solution, but economists warn tariffs could raise prices further.

Inflation, a key voter concern, played a significant role in Trump’s election victory, though he has yet to outline a clear plan to deliver on his economic pledges.

    • Kecessa@sh.itjust.works
      4·
      8 days ago

      Quebec did it with electricity, passed a law to purchase all stocks at a set price on a specific date, got a loan from the USA, 3 years later it had been refunded using the profit it realized by nationalizing the industry… It was a 50 years loan if I’m not mistaken.