Summary
Critics slammed Trump for admitting his tariffs may cause “short-term pain” for Americans, contradicting past promises that they wouldn’t raise consumer prices.
During his campaign, Trump insisted tariffs would only hurt foreign nations, not U.S. families. He also vowed to lower costs for essentials like groceries and utilities.
Now, he acknowledges economic hardship but claims it’s necessary to fix trade imbalances.
His remarks sparked backlash, with many accusing him of downplaying the financial strain his policies could impose on millions.
Reminds me of Margaret Thatcher in The Crown insusting that her regressive economic policies was medicine and that the interim pain was temporary.