WASHINGTON, D.C. — Donald Trump and his administration continue doubling down on their failed economic agenda, and the American people continue paying the price. As American companies begin raising prices on customers even more thanks to Trump’s tariffs, new data shows that inflation increased in August at its fastest pace since Trump took office. At the same time, new jobless claims have jumped to their highest level in almost four years, turbocharging economists’ stagflation fears with the holidays right around the corner.
In response, Defend America Action Senior Spokesperson Rodericka Applewhaite released the following statement:
“Donald Trump’s failed agenda is leading him to become the first president in half a century to oversee a major period of stagflation in the United States. While Trump brags about the new taxes he’s imposed on all of us, working families are stuck paying the largest monthly increase in prices we’ve seen this year. Whether it’s grocery staples like eggs and coffee or necessities like housing and energy, everything is more expensive than it was a year ago, and the American people know exactly who is responsible for soaring costs and fewer jobs.”
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