Mmastodon WorldPolitics first seen 4 h ago, last 12 min ago, peak #3

Trump's price-fixing plans falter weeks before midterms

Original: 5 WEEKS to the midterms. Trump's plan to fix prices has failed 3 TIMES. 🥩 Tariff-free beef → FARMERS revolt ⛽ Diesel exp

With five weeks until the US midterm elections, critics say three of Donald Trump's attempts to bring down prices have collapsed. A tariff-free beef import plan drew a revolt from farmers, a proposed diesel export ban faced pushback from the oil industry, and proposed $5,000 checks to Americans met resistance even among Republicans. Inflation has run above the Federal Reserve's target since 2021, and economists argue the administration's own policies are contributing to cost-of-living pressures dominating the campaign.

Why now: Cost-of-living issues and the failure of Trump's pricing interventions are becoming central ahead of the midterm elections.

Donald TrumpRepublican PartyFederal ReserveUS farmersoil industry

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• 5 WEEKS to the midterms. Trump's plan to fix prices has failed 3 TIMES. 🥩 Tariff-free beef → FARMERS revolt ⛽ Diesel export ban → BIG OIL pushes back 💸 $5,000 checks → even REPUBLICANS balk Inflation has been above the Fed's target since 2021, and economists say his own… · cbarbermd · 4

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