Like Biden, Trump has an inflation problem. Unlike Biden, Trumpâs is self-inflicted | CNN Business
A version of this story appeared in CNN Businessâ Nightcap newsletter. To get it in your inbox, sign up for free here. The evidence, both anecdotal and quantitative, is piling up: Inflation is back with a vengeance. Two back-to-back reports this week showed painful price increases across the economy, and theyâre not going away soon. Consumers are flagging, pummeled by years of high prices and the sense that no one in power really cares. âI donât think about Americansâ financial situation,â President Donald Trump told reporters when asked whether the strain on Americans was a consideration in his negotiations with Iran. âI donât think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon, thatâs all.â America is in for yet another long spell of price pain Much like his predecessor, Joe Biden, Trump has an inflation problem. The difference is that the price surges happening on Trumpâs watch are indisputably, directly linked to his policy decisions: namely, tariffs and the Iran war. Not even Bidenâs harshest critics can argue in good faith that he somehow caused a global pandemic before taking office or that his policies prompted Russ
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