Trump supporters named inflation as their top concern during the election. His aggressive actions on tariffs and immigration stand to make prices higher.
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For supporters of President Donald Trump, the economy was the top concern ahead of the election, specifically inflation. Yet six weeks into his term, the president’s agenda — laid out in his address to Congress on Tuesday night — has not yet focused directly on taming consumer prices. Instead, Trump has swiftly enacted tariff and immigration policies that stand to further increase the financial pressure that is weighing down so many low- and middle-income consumers.
Economists told MarketWatch that Trump’s actions in his first weeks in office could worsen American consumers’ financial well-being. “What he has announced and has enacted is both negative for growth and boosts inflation. So it has a stagflationary impetus to it,” Nationwide Chief Economist Kathy Bostjancic told MarketWatch.
