US President Donald Trump speaks on inflation at Mount Airy Casino Resort in Mount Pocono, Pennsylvania, US. Bloomberg
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Moneycontrol10-12-2025, 07:44

Trump Defends Tariffs, Seeks Economic Reset Amid Affordability Fears

  • President Trump defends his tariff policies, claiming "smart people" understand their benefits and that they've aided farmers and boosted US manufacturing.
  • Trump is resuming political travel to counter voter concerns about affordability and economic challenges, following recent Republican election defeats.
  • Despite efforts to address economic issues, consumer sentiment remains low, and Republicans face questions about rising healthcare costs.
  • Trump blames Democrats and the media for inflation, asserting his administration is actively working to reduce prices.

Why It Matters: Trump's tariff defense impacts consumer costs and future economic policy direction.

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