Americans No Longer Trust Trump To Handle Inflation
President Donald Trump swept into office in January with a promise to tackle what he called the “inflation crisis” that had kicked off under his predecessor.
“I will direct all members of my cabinet to marshal the vast powers at their disposal to defeat what was record inflation and rapidly bring down costs and prices,” Trump said during his inaugural address.
Since then, however, the Trump administration has spent nearly six months imposing myriad tariffs whose sole function is to make prices rise. Trump has raised tariffs on finished goods and raw materials indiscriminately. He’s targeted imports from American allies and geopolitical foes alike. And even though there have been pauses and retreats at times, hardly a week seems to have passed without a tariff hike (or the threat of one), regardless of the signals sent by economists and the stock market.
Yes, the president has been working hard to make stuff more expensive. And Americans seem to have noticed the effort.
A weekly tracking poll run by The Economist and YouGov shows that Trump’s approval rating on his handling of “inflation/prices” has tumbled by 30 percentage points since January. The president’s approval rating on that issue started off in positive territory—back when he was promising to defeat inflation—but has fallen to -25 in the most recent tracking poll. Trump’s approval rating on inflation has fallen significantly farther than his ratings on crime, immigration, and foreign policy, even though all categories have dropped since January.
Those marks are particularly important, as 21 percen
Article from Reason.com
The Reason Magazine website is a go-to destination for libertarians seeking cogent analysis, investigative reporting, and thought-provoking commentary. Championing the principles of individual freedom, limited government, and free markets, the site offers a diverse range of articles, videos, and podcasts that challenge conventional wisdom and advocate for libertarian solutions. Whether you’re interested in politics, culture, or technology, Reason provides a unique lens that prioritizes liberty and rational discourse. It’s an essential resource for those who value critical thinking and nuanced debate in the pursuit of a freer society.
