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Trump basically admits his tariffs are raising grocery prices
The Trump administration is preparing to exempt certain food items from
President Donald Trump's idiotic and possibly illegal tariffs, The New York
Times reported on Thursday, with administration officials telling the Times
that the exemptions are an effort to lower grocery prices.
Exempting certain items from Trump's moronic tariffs in an effort to lower
costs for American consumers is an admission that tariffs do, in fact, raise
prices—as economists, Democrats, and really anyone with a brain has been saying
for months.
“The Trump Administration is preparing tariff rollbacks that essentially
concede that so many of their tariffs are a tax on consumers raising their
basic, everyday prices—tariffs that never made sense or had anything to do with
manufacturing or national security,” Gene Sperling, who served as a member of
former President Barack Obama’s National Economic Council, wrote in a post on X.
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The New York Times' report came one day after Treasury Secretary Scott Bessent
told Fox News that the administration was also contemplating exempting other
imports from tariffs, including coffee and fruit.
“You’re going to see substantial tariff announcements over the next couple of
days in terms of things we don’t grow here, coffee being one of them," Bessent
said. "That will bring the prices down very quickly.”
That, too, was an admission that Trump's tariffs are increasing prices for
American consumers, who were duped by Trump into believing that a vote for him
would lower their cost of living.
Polling shows Americans are pissed about the economy and are souring on
Trump, as costs have only continued to rise since he took office, rather than
fall as he had promised.
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Trump’s average approval rating is a dismal 40%, according to FiftyPlusOne.
And his approval rating on the economy is even lower, with an Associated
Press/NORC poll released on Tuesday finding that just 33% of Americans approve
his handling of the economy.
Grocery prices are up nearly 3% from a year ago—not down, as Trump has
wrongly said multiple times in recent days.
Trump has even wrongly dismissed Americans who are concerned about the cost of
living, saying that voters who believe prices are up are being conned by
Democrats and the media.
“More than anything else it’s a con job by the Democrats,” Trump told Fox
News' Laura Ingraham on Tuesday. “They put out something ‘say today costs are
up.’ They feed it to the anchors of ABC, CBS and NBC and a lot of others—CNN
etc.”
At the end of the day, Trump's tariffs have raised prices, tanked the job
market—and if not addressed soon could possibly take the entire economy down.
Are we great again yet?
Click here to check out this story on DailyKos.com.
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