Trump says affordability crisis is over. Voters and data disagree | US economy

Despite President Trump's claims of declining prices, inflation remains a significant concern for consumers. While the overall inflation rate has eased slightly, it hasn't reached the levels promised during his campaign. The Trump administration implemented tariffs on imports, which have been found to disproportionately burden US businesses and consumers. These tariffs have led to increased costs for goods ranging from clothing and home repair materials to healthcare premiums and electricity. Experts warn that these issues are likely to persist, with companies planning price increases in the coming years. The impact of these policies has been felt most acutely by lower-income households who bear a larger burden due to the regressive nature of tariffs.