Greg Ip
Appearances
Apple News Today
Inflation helped Trump win. Now it’s becoming a headache.
People endured quite a few years of rising prices for groceries, gasoline, other basics.
Apple News Today
Inflation helped Trump win. Now it’s becoming a headache.
So I think Trump knows that he has to deliver on lower costs for people in order to really fulfill the economic mandate that he's been handed.
Apple News Today
Inflation helped Trump win. Now it’s becoming a headache.
Whatever is happening in the economy, do not blame or thank the president because there is so little that a president can do. Most of these things are driven by really complex, multifaceted phenomena that have to do with the quality of the workforce, the level of technology, big global shocks like the financial crisis from 15 years ago or the COVID pandemic.
Apple News Today
Inflation helped Trump win. Now it’s becoming a headache.
The president has promised 25% tariffs on all imported steel and aluminum to take effect in a few weeks' time. And we have already seen U.S. steel companies raising their prices because now they can compete better with imports. And we've seen prices on markets go up, and that will find its way into a variety of products that Americans consume.
Apple News Today
Inflation helped Trump win. Now it’s becoming a headache.
He and his advisors are also very aware that if the inflation problem persists beyond a few months, the ability to blame this on Biden starts to ebb away and people are going to hold him responsible for it.