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.
“Guys, the iceberg wasn’t even that big. I’m as skeptical of the Titanic’s engineers as the next guy, but right now, my side of the ship is farther out of the water than it’s ever been. Wake me up when the ship ACTUALLY starts sinking.”