Some 78% of Americans blame Donald Trump’s policies for rising prices that are outpacing their earnings, according to a Reuters/Ipsos poll that found majorities of Republicans and Democrats citing the cost of living as their top concern ​ahead of next month’s midterm elections.

57% of Trump’s Republicans said that costs have been growing faster than their paychecks, a stark example of how his pursuit of import tariffs, war with Iran ‌and other policies have clashed with a central 2024 campaign promise to kill inflation and lower prices “on day one.”

Inflation instead has increased, to the point where the US Federal Reserve has pivoted to rate hikes to quell price increases policymakers have attributed to a variety of factors, including rising global energy costs following the start of the Iran war, and the administration’s imposition of aggressive import taxes.

  • Sheep Herder@lemmy.world
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    4 days ago

    Just you watch. Trump seems bulletproof, it won’t affect the midterms. This is the same as the first time he ran, or even the second time. Every news outlet saying he won’t win. Look where we are now.

    • A_norny_mousse@piefed.social
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      3 days ago

      Overall costs? I believe it would. But it’s entirely possible that he manages to blind them temporarily with lower fuel prices.

      • Greyghoster@aussie.zone
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        3 days ago

        It seems to take weeks for fossil fuels to make a sea voyage. How quick can Russian diesel make to the US and be distributed? Will the market anticipate the arrival or will mystery drones take out the tankers?

        Oh the times we live in!

        • manxu@piefed.social
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          3 days ago

          I think he might be counting on the announcement being the news he needs. It’s like the $5000 check after the election: there is always some fool that thinks Trump is going to fix everything after the votes are counted.