December 23, 2024

“I won on groceries,” he said. “It’s a very simple word. Who uses the word? I started using the word. The groceries. When you buy apples, when you buy bacon, when you buy eggs. They were double and triple the price over a short period of time. I won the election based on that. We’re going to bring those prices down.”
One problem here is that the foundation of Trump’s economic plan for the United States is imposing sweeping, staggering tariffs on goods imported from key trade partners with which he may or may not have an axe to grind. Economists have long insisted this will result in prices going up, not down, as retailers pass the burden of these tariffs onto their customers. Trump seemed to acknowledge this possibility in the very same Meet the Press interview.

“I can’t guarantee anything,” he said when he was asked if he could guarantee tariffs wouldn’t result in American consumers paying more, something he said wouldn’t happen seconds earlier. “I can’t guarantee tomorrow.”
Trump seemed even less sure while speaking with Time for his “Man of the Year” cover story, the transcript for which was released Thursday. When the president-elect was asked if his presidency would be a failure if grocery prices didn’t go down he said: “I don’t think so.”
“Look, they got them up. 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 before going on about how the supply chain is broken and so is “what they’re doing with the cars” and how all of this is the problem.
It hasn’t taken long, then, for Trump to enter excuse mode after locking up another stint in the White House. Reality is not his friend, and he’s now in the process of pivoting from promising to change it to testing out what he can blame for his inability to do so. The one thing that can be guaranteed about his next four years in office is that there’s going to be plenty more where this came from.
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