https://www.huffpost.com/entry/donald-trump-walks-back-prices-down_n_675af8f3e4b04606476ba6cdThe president-elect walked back what was always a wildly unrealistic campaign promise.President-elect Donald Trump admitted in an interview with Time magazine that it will be difficult for him to reduce consumer prices, contrary to statements he made on the campaign trail this year.Trump told Time in an hourlong interview for its “Person of the Year” feature that his presidency wouldn’t be a failure if he failed to bring the price of groceries down.“I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” Trump said, according to the transcript.Trump is right that it’s very hard to achieve across-the-board price reductions. Curbing inflation is only a matter of slowing the rate of price increases — actual economy-wide price drops typically don’t happen outside of a massive economic downturn.Nevertheless, Trump repeatedly told voters during the campaign that electing him president would cause prices to tumble.“Prices will come down,” Trump said during a rally in August. “You just watch: They’ll come down, and they’ll come down fast, not only with insurance, with everything.”“We will end inflation and make America affordable again, and we’re going to get the prices down, we have to get them down,” Trump said at a rally in September. “It’s too much. Groceries, cars, everything. We’re going to get the prices down.”“We will cut your taxes and inflation, slash your prices, raise your wages and bring thousands of factories back to America,” Trump said at a Georgia rally in October, reciting a line he used in speeches at several other events.Trump also specifically promised to get gas prices down: “I will cut your energy prices in half within 12 months.”
Trump said during the campaign, and in his Time interview, that cutting regulations would reduce oil prices, which would supposedly drive price reductions everywhere else in the economy. One obstacle to the plan is that it would be up to energy companies, not the government, to ramp up oil production, and doing so would not necessarily be profitable for them. Another obstacle is that oil prices are set by a global market that U.S. doesn’t control.Nevertheless, the idea that Trump’s election would solve complex economic problems was a core message of the Trump campaign.“Kamala Harris broke the private-sector economy, and Donald J. Trump is going to fix it, and of course, whether it’s housing prices, whether it’s mortgage interest rates, whether it’s grocery prices, everything has gotten more expensive under Kamala Harris’ leadership,” Vice President-elect JD Vance said before the election at an event in November. “So again, we have to ask ourselves, do we want a president who broke the economy, broke the border, broke your wallets or do we want a president who has already fixed it and will fix it again.”In every survey leading up to the election, most voters said the economy and inflation were the most important issues, and most of those who said so also said they believed Trump would be better at addressing the problem. Concern over inflation may have been the biggest single explanation for Trump’s victory.Inflation soared above 9% in 2022 as a result of supply chain problems related to the coronavirus pandemic and strong consumer demand that had been buttressed by stimulus checks and other relief policies both Trump and President Joe Biden championed.
The Federal Reserve raised interest rates to help bring down inflation, a process that many economists expected would increase unemployment by reducing demand for goods and services. Unemployment rose only modestly; cutting consumer demand enough to induce corporations to slash prices likely would also push them to lay off millions of workers.But Trump never outlined a clear plan to reduce prices. His signature economic policy proposal during the campaign was to impose tariffs on imported goods, something economists said was more likely to spike prices since the companies that pay the tariffs can simply pass the cost on to consumers.Trump’s remarks to Time echoed similar backtracking he made on his promise that his proposed tariffs wouldn’t boost prices.“I can’t guarantee anything. I can’t guarantee tomorrow,” he told NBC News’ Kristen Welker on “Meet The Press” on Sunday.Trump also said in his Time interview his would reduce supply chain disruptions that he claimed were continuing to push up prices.“You know, the supply chain is still broken. It’s broken. You see it. You go out to the docks and you see all these containers,” he said.According to a comprehensive measure of supply chain pressure produced by the New York Federal Reserve Bank, global supply chain disruptions have dissipated since spiking in 2021 and 2022.
>>1368105>whoops turns out the primary issue I was elected on is something I can't solve>well this is awkward, at least my billionaire buddies get more subsidiaries so it's not all bad! We were retarded enough to believe he could fix this, we deserve all the consequences for electing him.
>>1368108>weAhahaha. Nice try.We should be able to whip people who voted for Biden and continue to shill online 24/7 as resisters.
>>1368108Shut the fuck up, tranny. Biden sent another 50 billion to Ukraine this week. Even if he doesn't lower the prices, at least they won't keep going up because of all the illegals and foreign wars we're spending trillions on that is causing inflation
>>1368105It turns out it takes more than a few days to undo years of leftist subversion.
>>1368123>at least they won't keep going upOh anon, we still have the tariffs to do that. Enjoy the 25% increase- at minimum.
>>1368127Demand will go down when your kind are all eating prison food,
>>1368128nice larp but that's not how food imports work. Pay your new tax.
>>1368130Oh no. Whatever shall we do?>Sweeteners, and processed sugar, and confections are groups of products where the United States is reliant on imports. https://www.ers.usda.gov/data-products/ag-and-food-statistics-charting-the-essentials/agricultural-trade/
>>1368132We're "reliant on imports" in regards to those because we physically cannot grow some of the plants for them. And look at how fruits and veggies are up there too and realize anything that uses those is also going up.And that's not even getting into computers, cars, anything that uses foreign factories or materials is getting more expensive too.
>>1368133Only if tariffs are actually necessary. Your shithole will cave to US demands. You can't afford to not sell to us.
>>1368134Weren't Trump hyping up tariffs as the grand return of US manufacturing? How we'd be taking all our jobs back from overseas by making it better to invest here? If the tariffs are just a threat than all of that was a load of shit lmao.
>>1368135You are really terrible at your job.
>>1368136>YEAH GO TARIFFS WE'RE BRINGING ALL THOSE COMPANIES BACK TO THE US!>uh anon if we go through with it it'll result in higher prices>YEAH GO TARIFFS AS A THREAT, WE'LL MAKE THEM ALL KNEEL!>what happened to bringing back manufacturing then? Wasn't that the whole point>YEAH NO NEW TARIFFS! US ALREADY IS NUMBER ONE!
>>1368137You're trying soo hard.
>>1368138it's ok to admit you got conned anon.
>>1368139Sooner or later you're going to have to come to terms with losing.
>>1368140Oh I admit Trump won; because he successfully scammed JUST enough of you retards into voting for him even though every single thing you elected him on turned out to be a fucking lie.>Drain The Swamp!>puts billionaires in charge of determining government spending>Prices will come down!>"It’s hard to bring things down once they’re up. You know, it’s very hard.">Bring back American manufacturing!>oh actually we're just making deals with other countries. Not actually doing any of those things he said would bring back manufacturing
>>1368141Sweaty, no one cared about your demoralization campaign before the election. They really don't care about it now. All you are doing at this point is alienating yourself further from humanity. It's going to land you in a camp.
>>1368127You do know that food is like the one thing the US produces currently, right?Why would prices of groceries go up because of something that's produced in the US?Can you queers shut up?
>>1368143Tariffs are a two way street anon. If countries start buying less exports due to tariffs, the agricultural industry has to increase local prices to make up for the difference. Either that, or the industry starts dying and we ironically get more dependent on imports.Trump had to bail the agricultural industry out to the tune of 18 billion from his first attempt at tariffs. How much do you think we'll need to pay for the next one?
>>1368105>I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard. But I think that they will,” Trump said, according to the transcript.Once again lefties post bald faced lies, the contents of the article completely contradicting the bullshit headline. Keep it up, you stupid fucks.
>>1368149>Spends entire campaign season hyping up how he'll get prices down fast>"oh uh, you know it's really hard to do that. I'll really try but uh, you know, it's really difficult so who knows what'll happen"This is a backtrack and you fucking know it. You don't go from a guarantee to a "well if we do our best" unless it turns out your original claims were full of shit.
>>1368152>he's still trying
>>1368147This idiot doesn't know that the US government keeps food prices low by subsidizing farms, nor does he know that much of the farmland in the US doesn't get planted because the crops wouldn't make it to market before rotting. Thar changes if we're talking about shipping domestically only. There us not one ounce of foodtuf that we import that we could not grow ourselves if we desired. We aren't as stupid as late 18th century French nobility.
>>1368152No. It isn't.
>>1368153>August: “Prices will come down">October: We will cut your taxes and inflation, slash your prices, raise your wages and bring thousands of factories back to America">December: "I’d like to bring them down. It’s hard to bring things down once they’re up. You know, it’s very hard." (You are here)>January: "We can't bring prices down. It just can't be done right now. But we'll bring other things up so much you won't notice!">March: "Prices are going up because of the illegals and the democrats. It's not my fault."
>>1368157Yawn. Whatever you say there Nostradumbass. We all know it's not going to happen overnight. This might surprise the dickdock generation but we have more than 15 seconds of memor
>>1368147>Supply and demand bros, an excess supply will cause HIGHER local prices. That's not how it works, fuckwad. Why not just quit being tarded?Additionally recently I've heard the EU is attempting to forcefully divest from agriculture with their left wang goobermints leading the charge.Asia is out biggest trade partner when it comes to food and I don't think there's any competition to replace the US.Therefore, I'm fairly certain you're a fucking retarded doomer.
>>1368158It's not going to happen overnight because it's not going to happen at all. Trump's plan is retarded and so are his voters for thinking it's a good idea.
>>1368161Sure, sure. You've been lying to us for nearly a decade at this point. It's time to just sit down, shut up and let the adults be in charge.
>>1368161Cope harder.
>>1368159Anon you said it yourself; most of our food is local, and what we import is stuff that outright cannot be grown here. If exports go down, the industry suffers. My source is this literally happened under Trump before and whoops, turns out the industry crashed and burned because they were reliant on those exports.>https://en.wikipedia.org/wiki/Trump_administration_farmer_bailouts
>>1368159Communists believe the government should subsidize everything, except the food supply. The agriculture farming and supply chain should bear the full blunt of capitalism and should have no protection to keep the nation's food supply stable. This is because they are so egotistical and delusional that they think farming is beneath them and food just appears in the grocery store and water just magically comes out of the tap when they turn it on.
>>1368162>Tariffs will fix inflation!>How?>They just will, alright! Trump said so!>But like, won't that just add to prices? How would it lower prices?>IT JUST WILL, ALRIGHT? I'M TIRED OF LISTENING TO YOU LIBERALS, IT'S OUR TURN>But that doesn't actually address how this could->IT WILL WORK BECAUSE TRUMP SAID IT WILL!
>>1368175>How?They increase domestic production. We have all the necessary infrastructure to build shit like cars and chips here in the United States. We outsource production because it's cheaper than paying American workers.
>>1368179We don't have that infrastructure ready to actually replace the role foreign imports play, and it will take years to get it to that point. Also, if the tariffs are just a threat to make other countries do what we want, like trying to put tariffs on Mexico until they do something about immigration (despite the fact they don't have much control over it either), doesn't that defy the point? If the tariffs have conditions that they'll be lifted under, we're not boosting domestic production at all if they actually meet them. And if they don't, it's still a long road to actual increased domestic production and in the meantime we get to deal with massive price increases.
>>1368180>We don't have that infrastructure readyWe do. We've had it for more than half a century. The infrastructure will probably need some work done, but that just creates more jobs. Because we're not outsourcing our labor pool (again).>despite the fact they don't have much control over it eitherThey give illegal immigrants brochures on how to penetrate the weakest parts of the US border.>we're not boosting domestic production at all if they actually meet themWe went through this process during the previous Trump admin. Trump enacted tariffs against china, dramatically increasing domestic production and putting money in the pockets of Americans.Also, tariffs have the added benefit of being the stick to the carrot. It's entirely possible that Trump won't go full-throttle on tariffs, provided that china and whoever else decide to comply with out demands.Having a businessman in office that actually knows how to broker deals is incredibly beneficial because it means that they know which pressure points to push and when to let off.
>>1368181lol Trump's tariffs in his first term were a pretty big fail. China got hurt but so did we, and arguably worse considering we weren't able to negotiate with them to drop it afterwards. We actually LOST about 245k jobs as a result of them, which really shoots your fucking argument that it would boost employment in the foot.>https://www.brookings.edu/articles/did-trumps-tariffs-benefit-american-workers-and-national-security/>https://carnegieendowment.org/china-financial-markets/2021/01/how-trumps-tariffs-really-affected-the-us-job-market?lang=enYou know what the problem is with running a country like a businessman? At the end of the day, businessmen are out for their own benefit first. The company can crash and burn as long as they get a golden parachute.
>>1368127We're gonna have empty shelves again like we did when Trump handled the covid pandemic. It's insane that Trump's campaign got away with the message>are you better now than you were 4 years ago?And people just forgot about 100,000+ Americans dying every month.
>>1368185Trump actually got fairly lucky with covid hitting and being able to absorb all the blame for his retarded measures, even if he (rightfully) still got shit for it. If it didn't we would've experienced a lot more backlash from his policies that wouldn't have been shared with most of the world, because Trump loved short term benefits with long term economic consequences like his fuckass tax cuts.
>>1368164Hey, retard, name one climate zone the US doesn't have.We can grow whatever the fuck we want.
>>1368175Tariffs and inflation are two separate issues.It could be said that inflation is nearly already fixed because the economy has already absorbed and responded to Biden's bad policies that caused it.Tariffs may cause some goods to cost more, but that isn't technically inflation.Also tell me about what other taxes you've learned to hate since November. I'd love to hear all about it.>>1368180>We don't have that infrastructure ready to actually replace the role foreign imports play, and it will take years to get it to that point.Another retarded take. We have the infrastructure. It didn't disappear simply because NAFTA and open trade polcies shipped all the jobs elsewhere.Are you even from the US? If so, you must be like 12.The US used to produce shitloads of cars until like 15 years ago.The US used to produce and EXPORT steel.Will you just admit you're retarded and shut it or do you have to continue making a fool of yourself?
>>1368216Tariffs and inflation both cost American consumers more money, they're the same issue. You are consistently disingenuous though so I'm sure you'll deflect and call me names
>>1368215We wouldnt be able to replace coffee imports from South America over night. And even if we did start growing coffee beans here, they'd be shit. Only the good Arabica beans grow in South America.
>>1368221>Only the good Arabica beans grow in South America.You are retarded. Good ones are grown all over, they are literally from the middle east. We import them from South America for economic reasons.
>>1368222When tariffs turn out to be completely batshit retarded, will you stop posting? That's a rhetorical question by the way
>>1368185Trump's only mistake with the plandemic was not mass arresting all of you retards who were pushing it.
>>1368223Great attempt at changing the topic after you realize you're wrong, faggot. I hope we have a 1 million percent tariff on antidepressant so that Democrats can't afford it and become normal people again
>>1368226>we
>>1368222No they're not. The country that produces the most coffee outside of South America is Vietnam, and they mostly grow robustica (nasty crap coffee). And by the way, neither of these places is the USA, so we're importing from somewhere be it South America or Vietnam. We can't grow good coffee in America because Arabic beans only grow well in the mountains near the equator.
>>1368229Then we won't tariff coffee. This really isn't that fucking complicated.
>>1368217But tariffs are not inflation at all, now are they?>>1368221We've hit coffee as the next thing to worry about.Coffee. Shit water that tastes like boiled ass is what we're going to focus on?Very. Fucking. Convincing.But look up California coffee, queerbo.WE CAN DO IT! And hopefully we can deport losers like you too.
>>1368232Not to mention that coffee is also a premium item, and some coffeefags will pay up to 1200/ib for coffee. Coffeetards deserve to be tariffed.
>>1368233We're gonna see a """mysterious""" sharp decline in productivity after coffee prices spike.
>>1368234Fuck of tranny.>Folgers bros, the coffee is now $11 dollars a can>Holy fuck!Just shut up, retard. Seriously.
>>1368235It already is $11 a can dumbass, if not more
>>1368216>The US used to produce shitloads of cars until like 15 years ago.>The US used to produce and EXPORT steel.Yeah, USED to. Then demand went up, foreign ability to meet it was greater and cheaper than ours, factories closed down, and even if they were reopened they'd require massive renovations and expansions to meet the same levels that imports do now. Can it happen? Probably? Will it happen within the next 10 years? Doubtful, that shit takes time. And in the meantime, everything becomes more expensive.
>>1368261Sure, sure. You've been wrong about everything else.
>>1368270Trump has been wrong about this so many times and lied about it all, but you'll believe every word he says anyway.
>>1368272>Look mom! I'm dRumpf postingGrow up.
>>1368270I'm wrong about the basics of economics and infrastructure? I'm wrong citing what happened the LAST TIME Trump tried this and it cost us over 200k jobs?
>>1368280Yes. You're wrong and retarded. Astoundingly wrong in some posts in fact.
>>1368281Then why did the last time Trump try this, it costs us 245k jobs, shut down factories instead of opening more, and forced us to spend roughly 16 billion bailing out the agricultural industry?
>>1368283Did it? Man I hope you post some data created by someone who was later appointed to Bidet's cabinet to prove it.Let's see it, queer.
>>1368283>bailing out the agricultural industry?Wasn't needed. The Biden admin put conditions on that money involving glimate ghange or some shit. Fund still available. Barely used.
>>1368305>>1368306Do you work for the GOP or are you just an overly enthusiastic supporter?
>>1368307Why would you lie for Democrats? What do you get out of it?Now you're lying in the attempt to divest from your own bullshit. Weird strategy.
>>1368305Already posted in this same thread retard. >>1368182 One of the articles is from before Biden even got elected too.
>>1368306Anon the money was given to farmers before Biden even got elected. It wasn't a fund, it was a direct bailout that was given to make up for a massive increase in bankruptcies and lost profits.
>>1368321Actually, it was a fund set up in 1933 for farmers so it was used as it was intended to be used.
>>1368328Fucking source?
>>1368105Shocker
>>1368105>Trump admits that what Biden fucked up is going to be very hard to reverse Was there ever any doubt though?
>>1368399More like he was lying. Mexico is totally going to pay for that wall any day now.
>>1368143>thinking all food in america is made in america>>1368123>thinking 50b dollars is a lot of money
>>1368401you're an actual retard. The post you replied to said "most" which is not the same as "all." Most is true. The US only really imports tropical fruits.Recently, the US is importing illegally caught or harvested Chinese caught fish. You can thank Biden for that. Also we have silly meat packing where US chickens are frozen in the US and then cut, injected with saline, refrozen and then sent back to the US to be sold as US chicken. All because it is cheaper to ship the chicken around the world than pay wages in the US.The killing of one CEO is an event, not a pattern.
So is Mexico going to be paying for our groceries? Or did Trump lie again?
>>1368446I wouldn't put it past Americans to complain if a pineapple would cost $5.>Gosh I'm really being squeezed by the economy! Yeah I have two cars and a 3 bedroom house, but I had to spend so much on pineapples my party! America is in ruins! Ruins I tell you!
>>1368450>did Trump lie again?Did his mouth open?>>1368399>Trump admits that what trump fucked up last time he was in office is going to be very hard to reverseFTFY
>>1368446>>1368452In case anyone needed anymore proof this board is crawling with foreign shills, here it is.
>>1368127he's starting a trade war against mexico and canada who are the majority of you cunt's foodstuff. Fuck americunts i hope yall get nuked starting with the pampered pissbaby blue states
>>1368141>retardscoming from the democrat who supports unhinged domestic terrorism and thinks americans are out of touch because they didn't listen to celebrities lmao.Go get fucked loser.
>>1368489Well at least you admit it.
>>1368489Not erryone with a conflicting opinion to you is a shill.I'm not who you was talking at, btw. I'd only diagnose one o them being "foreign" - to you. And on that subject ... You'd consider me a foreigner, but I have the same perception of you. All that does is make us even.
>>1368123>so what if he's already backtracking on one of his main campaign promises? it'll all be okay once he does all the other ones!
>>1368602I'm not sure drawing attention to all the problems your species has caused is the best strategy to use to try to drag trump down.
>>1368105No contradiction retard. No backtracking either. He's just saying it's hard but he'll do it.
>>1368643He contradicted himself and backtracked.
