Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • The Next Startup Gold Rush
    • Former Marine and Congressional Candidate William Upham Arrested in Florida by Local Sheriff After Calling for President Trump’s Assassination * The Gateway Pundit * by Jim Hᴏft
    • Market Talk – July 16, 2026
    • Salads are giving people the ick. What does it mean for slop bowl chains?
    • Trump Administration Announces Investigation of 75 Truck Driver Schools Suspected of Helping Non-Citizens Obtain CDLs
    • S&P 500 companies with this AI strategy dramatically outperformed their peers: New data
    • Democrats Are Living on Stolen Land in Washington DC. If You Don’t Understand This, or Deny It, You’re a “Stolen Election Denier.” * The Gateway Pundit * by Wayne Allyn Root
    • How To Overcome The Summer Slump In Your Business
    Populist Bulletin
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Populist Bulletin
    Home»Business»Trump will discuss the inflation crisis next week in Philadelphia
    Business 4 Mins Read

    Trump will discuss the inflation crisis next week in Philadelphia

    Business 4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    President Donald Trump plans to travel to Pennsylvania on Tuesday to highlight his efforts to reduce inflation even as fears mount about a worsening job market and amid signs that Americans are still feeling squeezed by high prices.

    A White House official said Trump would be making the trip to discuss ending the inflation crisis that he says was inherited from his predecessor, Joe Biden. The official spoke on condition of anonymity because the trip has not been formally announced. It was not immediately clear where in Pennsylvania Trump would be visiting.

    Last month’s off-year elections showed a shift away from Republicans as public concerns about affordability persist. White House officials said afterward that Trump—who has done relatively few events domestically—would put a greater emphasis on talking directly to the public about his economic policies.

    The president has said that any affordability worries are part of a Democratic “hoax” and that people simply need to hear his perspective to change their minds—an approach also embraced by Biden, who in early 2024 went to the Pennsylvania borough of Emmaus to take credit for economic improvements after inflation spiked in 2022.

    The trip hints at the dilemma faced by Trump. He wants to take credit for rewiring the U.S. economy with his large tariff hikes and extension of income tax cuts, but he also continues to blame Biden for the increase nationwide in inflation rates that occurred this year during his own presidency. Overall, inflation is tracking at 3% annually, up from 2.3% in April when Trump rolled out a sweeping set of import taxes.

    “We fixed inflation, and we fixed almost everything,” Trump said at Tuesday’s Cabinet meeting. He called affordability “a hoax” that was “started by the Democrats who caused the problem of pricing.”

    Trump won Pennsylvania narrowly last year with 50.4%, besting Democrat Kamala Harris by roughly 120,000 votes. The win was part of a broader sweep in battleground states that helped return him to the White House after his 2020 loss.

    AP VoteCast, an extensive survey of voters in the 2024 election, found that 7 in 10 Pennsylvania voters were “very concerned” about the cost of food and groceries. Roughly half expressed the same degree of worry over healthcare costs and the price of gasoline.

    While Trump can point to a decline in gasoline prices, he’s now facing inflationary pressures on utilities and a massive increase in insurance premiums for people who get their health care through the Affordable Care Act.

    Pennsylvanians who buy their own health insurance coverage are likely to see their costs increase on average by 21.5% because of the expiration of tax credits tied to the Affordable Care Act, the state said in October.

    Pennsylvania has yet to see the boom that Trump promised would instantly happen with his return to the White House.

    The state has largely preserved its Biden-era job growth under Trump, but its unemployment rate has risen to 4%, from 3.6%, over the past 12 months, according to the Bureau of Labor Statistics. There has been an increase of roughly 24,000 people who say they’re unemployed.

    Annual inflation in the Philadelphia area is 3.3%, roughly the same as last year.

    The Philadelphia Federal Reserve’s Beige Book in November documented an economy in decline, saying that hiring has flattened, warehouse workers are getting fewer hours on the job, inflationary pressures are coming from tariffs, and sales of existing homes are decreasing. Separately, the regional Fed branch’s manufacturing survey last month showed that factory activity weakened.

    The news outlet Axios first reported Trump’s plans to travel to Pennsylvania.

    —By Josh Boak, Associated Press



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    The Next Startup Gold Rush

    July 16, 2026

    Salads are giving people the ick. What does it mean for slop bowl chains?

    July 16, 2026

    S&P 500 companies with this AI strategy dramatically outperformed their peers: New data

    July 16, 2026
    Top News
    Business 4 Mins Read

    How to help your neurodivergent employees thrive on the job

    Business 4 Mins Read

    If you have a direct report who identifies as neurodivergent, you may wonder how best…

    How AI and education are shaping the future of aesthetics

    April 17, 2026

    The Trump administration wants to take the seat belts off AI. That’s a catastrophic mistake

    December 16, 2025

    Barack Obama is on the ballot in California—but there’s a twist

    June 3, 2026
    Top Trending
    Business 5 Mins Read

    The Next Startup Gold Rush

    Business 5 Mins Read

    Opinions expressed by Entrepreneur contributors are their own. The last record-breaking IPO,…

    World Politics 4 Mins Read

    Former Marine and Congressional Candidate William Upham Arrested in Florida by Local Sheriff After Calling for President Trump’s Assassination * The Gateway Pundit * by Jim Hᴏft

    World Politics 4 Mins Read

    William Upham posted a video to X in which he called President…

    Economy 2 Mins Read

    Market Talk – July 16, 2026

    Economy 2 Mins Read

      ASIA: The major Asian stock markets had a mixed day today:…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, government accountability, globalization, and the preservation of American cultural heritage.

    We are devoted to delivering straightforward, unfiltered, compelling, relatable stories that resonate with the majority of the American public, while boldly challenging false mainstream narratives that seem to only serve entrenched elitists, and foreign interests.

    Top Picks

    The Next Startup Gold Rush

    July 16, 2026

    Former Marine and Congressional Candidate William Upham Arrested in Florida by Local Sheriff After Calling for President Trump’s Assassination * The Gateway Pundit * by Jim Hᴏft

    July 16, 2026

    Market Talk – July 16, 2026

    July 16, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.