Trump Calls Cutting Grocery Prices 'Very Hard' Despite Campaign Focus

Benzinga

President-elect Donald Trump acknowledged lowering grocery prices will be "very hard" but said it remains possible through increased energy production and fixing supply chain issues. Trump, who centered his 2024 campaign on lowering costs for families, claimed the Biden-Harris administration's policies drove prices higher. While inflation hit a 40-year high of over 9% under Biden, recent CPI data shows it cooled to 2.7% in November. Trump also advocated for tariffs on nations like China, Mexico, and Canada to address economic concerns, sparking warnings from economists that tariffs could raise consumer costs.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02President-elect Donald Trump acknowledged lowering grocery prices will be very hard,

00:06but said it remains possible through increased energy production and fixing supply chain issues.

00:11Trump, who centered his 2024 campaign on lowering costs for families,

00:15claimed that Biden-Harris administration's policies drove prices higher. While inflation

00:20at a 40-year high of over 9% under Biden, recent CPI data shows it cooled to 2.7% in November.

00:27Trump also advocated for tariffs on nations like China, Mexico, and Canada

00:32to address economic concerns, sparking warnings from economists

00:35that tariffs could raise consumer costs.

00:37For all things money, visit Benzinga.com.

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