US president defends financial insurance policies as polls present rising angst amongst voters over costs.
Revealed On 18 Nov 2025
United States President Donald Trump has defended his administration’s report on reducing costs as he faces rising discontent from People over the price of dwelling.
In a speech to McDonald’s franchise house owners and suppliers on Monday, Trump claimed credit score for bringing inflation again to “regular” ranges whereas pledging to carry worth development decrease nonetheless.
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“We now have it all the way down to a low stage, however we’re going to get it a bit of bit decrease,” Trump mentioned.
“We wish perfection.”
Returning to his common speaking level that Democrats had mismanaged the economic system, the Republican president blamed value pressures on former US President Joe Biden and insisted People have been “so rattling fortunate” he received the 2024 election.
“No one has completed what we’ve completed by way of pricing. We took over a large number,” Trump mentioned.
Trump, whose 2024 presidential marketing campaign centered closely on the price of dwelling, has struggled to win over People together with his protectionist financial message amid persistent affordability considerations.
In an NBC Information ballot launched this month, 66 p.c of respondents mentioned Trump had fallen wanting their expectations on affordability, whereas 63 p.c answered the identical for the economic system typically.
Voter angst over costs has been broadly recognized as a key motive Republicans suffered a shellacking in off-year elections held early this month in a number of states, together with New Jersey and Virginia.
Regardless of repeatedly enjoying down the consequences of his tariffs on costs, Trump on Friday signed an government order reducing duties on 200 meals merchandise, together with beef, bananas, espresso and orange juice.
Trump has additionally floated tariff-funded $2,000 rebate cheques and the introduction of 50-year mortgages as a part of a push to handle affordability considerations.
Whereas inflation has markedly declined since hitting a four-decade excessive of 9.1 p.c underneath Biden, it stays considerably above the Federal Reserve’s 2 p.c goal.
The inflation fee rose to three p.c in October, the primary time it hit the three p.c mark since January, though many analysts had anticipated the next determine resulting from Trump’s commerce salvoes.
Trump, who’s well-known for his love of McDonald’s, spent a substantial portion of Monday’s speech praising the fast-food chain and casting the corporate as emblematic of his financial agenda.
“Collectively we’re preventing for an economic system the place everyone can win, from the cashier beginning her first job to a franchisee opening their first location to the younger household in a drive-through line,” he mentioned.
Trump additionally provided “particular thanks” to the fast-food large for rolling out extra reasonably priced menu choices, together with the reintroduction of additional worth meals, which have been phased out in 2018 and are priced at $5 or $8.
“We’re getting costs down for this nation, and there’s no higher chief or advocate than McDonald’s,” he mentioned.
