"He vowed to bring down the cost of groceries (an "old-fashioned" word with which he was obsessed), revive manufacturing, slash federal spending and inefficiency and distribute the savings to the citizenry, all while achieving energy dominance and the high-paying jobs that come with it. By early summer, however, it was becoming clear that Trump's economic policies were not having the promised effect."
"Trump's tariffs only exacerbated the post-COVID inflation that had haunted Joe Biden's presidency. Prices rose on everything from steel pipe to coffee, while retaliatory trade barriers hurt U.S. manufacturers. The loss of Biden-era grants and loans caused several firms to cancel planned billion-dollar manufacturing facilities, and tourism fell as international travelers began to avoid the U.S. The mass firing of federal employees has further eroded the already-lagging jobs situation,"
Trump campaigned on lowering grocery costs, reviving manufacturing, cutting federal spending and inefficiency, and achieving energy dominance to create high-paying jobs. By early summer, those policies failed to produce promised effects. Tariffs exacerbated post-COVID inflation, raising prices from steel pipe to coffee while retaliatory barriers hurt manufacturers. The loss of Biden-era grants and loans led several firms to cancel planned billion-dollar manufacturing facilities, and international travelers avoided the U.S., reducing tourism. Mass firing of federal employees and aggressive deportation and harassment of immigrants undermined jobs and labor in construction, agriculture, leisure and hospitality, widening economic cracks across the Southwest.
Read at High Country News
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