President-elect Donald Trump admits that reducing food prices in the United States could be difficult, despite it being a central issue of his presidential campaign.
Inflation during Joe Biden's term has been a major issue during the US election campaign. Donald Trump has repeatedly said that he would succeed in lowering prices, particularly those of food products, which has won over many voters. But today, the future president, who will take office in January 2025, seems more measured in his remarks.
200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000In an interview with Time last Thursday, which named him Person of the Year 2024, he said: “I would like to lower them. But it's difficult once they've gone up. You know, it's very complicated.”
Biden responsible ?
Trump has of course blamed the Biden administration for rising food prices, criticizing its handling of inflation. He said two levers will help reduce prices: lower energy costs and better supply chain management. “I think they will. I think energy will bring prices down. And a better supply chain will help, too. You know, the supply chain is still broken,” he insisted.
Rising inflation
But Trump's task could get even tougher, as U.S. inflation accelerated again in November for the second month in a row. Consumer prices rose 2.7% from a year earlier in November, up from 2.6% in October, according to the Labor Department’s CPI index, which is the basis for pensions.
Trump’s inauguration could make it even harder to lower prices. By pursuing protectionist policies, including imposing tariffs on imported goods, some products, such as alcohol and spirits, could see their prices rise rapidly.
Overall, experts say Trump’s tariff proposals are likely to exacerbate supply chain problems, contrary to his claims. During his first term, customs tariffs had led to an increase of more than 70% in the costs of container shipping in 2018, after the announcement of new taxes. These increases were then passed on directly to consumers