Donald Trump defended his tariff-heavy economic plan despite rising costs and a deepening trade war with China. Earlier this month, he announced a 10% global tariff and even higher rates for 60 countries labeled as “worst offenders.” In response, China slapped a 125% tariff on U.S. goods.
This back-and-forth has hit U.S. markets hard. Still, Trump claimed on Truth Social, *“The United States is taking in RECORD NUMBERS in Tariffs… the cost of almost all products [is] going down… INFLATION is down. Promises Made, Promises Kept!”*
Critics argue otherwise, noting rising prices for many essentials. Eggs became a focus after Trump told reporters, *“You can have all the eggs you want… prices are down a whopping 87 percent, but nobody talks about that.”*However, the USDA reported the average wholesale egg price at $3.13, up from the previous week, and the Bureau of Labor Statistics noted a February average of $5.90. Prices even peaked at $6.23 in March.
Despite the backlash, Trump doubled down: *“Eggs, which they — you hit me so hard… Well, you can have all the eggs you want.”*
The trade war continues, with both nations digging in, and no resolution in sight.