Trump Acknowledges Trade War's Impact on Consumer Costs
Former President Donald Trump addressed the rising costs associated with his trade policies during a recent rally in Michigan. While celebrating his first 100 days into a theoretical second term, Trump acknowledged that his supporters are experiencing higher prices. He stated that these increased costs are part of a "transition period" he discussed during his campaign, despite earlier promises of lower costs. The remarks were made in an interview covered by NBC's Peter Alexander.
Trump defended his policies, stating, "I said all these things during my campaign. I said, you're going to have a transition period." This statement comes despite repeated campaign promises to lower costs for American consumers. The trade war, initiated during his first term, involved tariffs on goods imported from countries like China, leading to higher prices for businesses and consumers.
Economists have debated the long-term effects of these policies, with some arguing that they protect American industries while others contend that they harm the economy by increasing costs and disrupting supply chains. The impact on Trump's supporters, as highlighted by his recent remarks, remains a key point of discussion.
Source: Read the original article at NBC