Washington [US]: US President Donald Trump on Monday defended his administration\u2019s handling of rising living costs, asserting that inflation has returned to what he called \u201cnormal\u201d levels and vowing additional measures to ease financial pressures on households.<\/p>\n
Speaking to McDonald\u2019s franchise owners and suppliers, Trump said his economic policies had significantly lowered inflation and that his team remained focused on further reducing expenses. \u201cWe have it down to a low level, but we\u2019re going to get it a little bit lower,\u201d he said. \u201cWe want perfection.\u201d<\/p>\n
Trump also launched fresh attacks on Democrats, blaming former President Joe Biden for the surge in living costs over the past few years. He claimed Americans were \u201cso damn lucky\u201d he won the 2024 election, adding, \u201cNobody has done what we\u2019ve done in terms of pricing. We took over a mess.\u201d<\/p>\n
Despite making affordability a cornerstone of his 2024 campaign, Trump continues to face scepticism from voters struggling with persistent financial strain. Still, his administration has recently taken several steps aimed at reducing prices. On Friday, he signed an executive order cutting tariffs on 200 imported food items, including beef, bananas, coffee and orange juice.<\/p>\n
The President has also pushed proposals such as tariff-funded USD 2,000 rebate cheques and the introduction of 50-year mortgages as potential long-term relief measures.<\/p>\n
According to Al Jazeera, inflation has fallen sharply from its 40-year high of 9.1 per cent recorded during Biden\u2019s tenure but remains above the Federal Reserve\u2019s 2 per cent target. The outlet reported that inflation rose to 3 per cent in October\u2014the first time it reached that mark since January\u2014though many analysts had expected an even sharper rise following Trump\u2019s recent trade moves.<\/p>\n
During his address, Trump also praised McDonald\u2019s, a brand he is known to favour, describing it as a symbol of his economic vision. \u201cTogether we are fighting for an economy where everybody can win\u2014from the cashier starting her first job to a franchisee opening their first location to the young family in a drive-through line,\u201d he said.<\/p>\n
He thanked the company for offering more affordable meals, including the return of value options priced at USD 5 and USD 8, adding, \u201cWe\u2019re getting prices down for this country, and there\u2019s no better leader or advocate than McDonald\u2019s.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
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