The Damage Report
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Trump MELTS DOWN Over Rising Prices As Major Consequences Crash Down
Posted
May 5, 2025
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13:23Now PlayingDonald Trump melts down with desperate excuses and obvious lies when questioned over economic consequences of his tariff plans and layoffs during tense interview as prices continue to rise and major retailers, such as Target, Walmart and Home Depot, reveal consumers are likely to see empty shelves in the next couple weeks. John Iadarola and Jayar Jackson break it down on The Damage Report. Leave a comment with your thoughts below!
Read more here:
Donald Trump Dismisses Price Increases'That's Peanuts'
"President Donald Trump dismissed price increases on common items purchased by consumers in a Sunday interview with NBC News' Meet the Press, saying "that's peanuts compared to energy."
Why It Matters
The Trump administration has had to defend its decision to apply a 145 percent tariff on Chinese products, with many business owners, especially small business owners, raising concerns about the severe impact on pricing that the tariffs will cause.
Chinese online marketplace Temu has halted shipments directly from China to the United States as the U.S. government eliminated the "de minimis" exception for Chinese goods, which would have exempted shipments under $800 from the tariffs.
At a recent Cabinet meeting, Trump underscored his defense of the tariffs, saying: "Maybe the children will have two dolls instead of 30 dolls, and maybe the two dolls will cost a couple of bucks more than they would normally.""
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