As the US midterms approach, Trump’s boasts on the economy fall flat with voters

Billy Odell Tucker-Robinson Founder & Host — Banking With Billy Network • Intelligence Network • Data Science • AI Research • World News
Published: 2026-09-28T11:09:05.216Z • Permanent link

Facts are coming to light that contradict Donald Trump's claims of having the "greatest economy in history." Behind the scenes, Trump's tariffs and the US's ongoing war against Iran have caused prices to rise. The latest data from the Bureau of Labor Statistics reveals that the Consumer Price Index (CPI) has increased by 6.5% over the past 12 months, exceeding the Federal Reserve's 2% inflation target. This upward trend is largely attributed to the tariffs imposed on imported goods, which have added to the costs of everyday items like food, housing, and transportation.

Experts point to the impact of the trade war on key sectors like agriculture and manufacturing. The US-China trade war, which began in 2018, has led to increased tariffs on Chinese goods, causing prices to rise for American consumers. Similarly, the US-Iran conflict has disrupted global oil supplies, leading to higher energy prices. The National Bureau of Economic Research, a prominent economic think tank, has warned that the ongoing trade tensions and conflicts could lead to a recession.

Meanwhile, Trump's administration has been touting the strength of the US economy, despite the growing evidence to the contrary. The President's boasts have been met with skepticism by many economists and policymakers, who point to the rising costs of living and the increasing wealth gap as indicators of economic instability.

Rising prices and economic uncertainty are having a profound impact on companies like Walmart, which has seen its sales decline by 3.4% over the past quarter. The retail giant has attributed the decline to higher costs and decreased consumer spending, which is a major concern for investors and analysts. The National Retail Federation, a trade association representing the retail industry, has warned that the ongoing economic uncertainty could lead to a decline in consumer spending, which could have far-reaching consequences for the economy.

The impact of the trade war on the US economy is also being felt by researchers at universities like Harvard and Stanford, who are studying the effects of tariffs on global trade. The Brookings Institution, a prominent think tank, has published research on the economic consequences of the trade war, warning that it could lead to a decline in economic growth and an increase in poverty.

The US economy's performance has been shaped by a complex interplay of factors, including monetary policy, fiscal policy, and global events. The Federal Reserve, which has been raising interest rates to combat inflation, has been navigating a challenging environment, where the risks of a recession are growing. The European Central Bank, which has been keeping interest rates low, is also facing challenges, including the rise of populism and the ongoing trade tensions between the EU and the US.