Wed, 10 Dec 2025
The president says he is focused on "making America affordable again", as cost of living becomes a campaign issue.
* President Trump claims consumer prices are falling "tremendously", but critics say this is misleading as prices are only rising at a slower rate.
* Despite some price drops, other costs such as housing, childcare, and healthcare remain high, and many Americans are unhappy with their living standards.
* Democrats have been capitalizing on Trump's vulnerability on the economy in recent elections, leaving Republicans worried about next year's midterm elections.
* The White House blames former President Joe Biden and US central bank interest rates for the lingering economic pain.
* Inflation remains above the Federal Reserve's 2% target at 3%, but it has decreased from a peak of 9.1% under Biden.
* Trump's administration has removed tariffs on dozens of food products, rolled back fuel efficiency standards, and introduced retirement accounts for children as cost-of-living fixes.
* Many Americans remain downbeat about the economy, including Alaina Hunt who lost her job due to Trump's tariffs and now struggles with rising grocery bills.
* Pennsylvania Governor Josh Shapiro said Trump's messaging on the economy "does not reflect the reality on the ground" in his state.
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