ICYMI: Trump STILL Can’t Get Inflation Under Control as Working Families Struggle With Another Month of Price Hikes

Despite Donald Trump’s promise to lower costs on Day One, working families are struggling to keep up with month after month of rising prices with no end in sight. Under Trump’s chaotic and failing economic agenda, everything from appliances to apparel has gotten more expensive. Instead of fighting to lower costs, Trump and Republicans passed their billionaire-first budget to give their ultra-wealthy donors another round of tax handouts on the backs of working families.

Here’s a look at how Trump’s chaotic trade war is hurting American consumers:

New York Times: “U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices”

The June data still reflects only the initial impact of Mr. Trump’s global trade war. …

Economists expect price pressures to intensify over the coming months, especially if new tariffs the president has threatened against the European Union and a host of other countries in recent days are imposed on Aug. 1 as planned.”

Associated Press: “The tariff-driven inflation that economists feared begins to emerge”

CBS: “Food prices rose 3% on an annual basis last month, higher than the overall inflation rate. Items that have seen big cost increases since last June include eggs, which are up 27.3%, roasted coffee, which is up over 12.7%, and ground beef, which is up 10.3%”

Wall Street Journal:Inflation Picks Up to 2.7% as Tariffs Start to Seep Into Prices”

“Goldman Sachs economists estimate that U.S. consumers will end up paying 70% of tariffs’ direct costs.” 

NPR: “Inflation heats up in June as President Trump’s tariffs start to bite”

The New Republic: “It’s Official: Trump’s Tariffs Are Driving Up Inflation”

Prices are rising as normal Americans shoulder the burden of Trump’s fiscal policy of spite, and his tariffs cause basic goods to become more expensive.”

Axios: “Trump’s trade war begins to show up in inflation data”

Business Insider: Inflation surged more than expected in June”

CNBC: “Inflation picks up again in June, rising at 2.7% annual rate”

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