Shortly before he pulled back from the brink of launching a trade war with America’s closest neighbors this month, postponing tariffs on Canada and Mexico until March, Trump acknowledged that they might cause “some pain” for Americans.
Data released on Wednesday underlined the challenge of ending inflation, as Trump promised on the campaign trail: it rose, rather than fell, as he returned to the White House last month.
Trump was elected after pledging to bring down prices fast as much of the country grappled with the cost of living after years of heightened inflation.
Corporate America is starting to sound the alarm, with the CEO of Ford Motor warning that slated tariffs on Canada and Mexico would “blow a hole” in the US auto industry.
As tens of millions of Americans prepared to watch the Super Bowl this weekend, Donald Trump sat for the customary pre-game presidential interview.
