Donald Trump is pushing the U.S. economy to the brink. From his deeply unpopular war with Iran to his disastrous tariffs, Trump’s agenda is causing prices to surge and bringing economic growth to a screeching halt. Fresh economic data from March and February shows that the only thing Trump has been able to deliver for working Americans is higher prices. To make matters worse, Trump and Republicans have left working families more vulnerable than ever after ripping away over $1 trillion from health care, food assistance, and more to pay for tax breaks for billionaires and big corporations. Read more about Trump’s tanking economy:
TRUMP’S TERRIBLE ECONOMY BY THE NUMBERS
UP: Inflation, Jobless Claims
- Inflation is surging to its highest level in nearly two years, up 3.3% year-over-year.
- Fuel oil rose by 31% in March alone – and could keep rising for months after the Strait of Hormuz reopens.
- Gasoline rose by more than 21% in March alone.
- Airfares are up 15% year-over-year.
- The Fed’s preferred consumer price index has risen at an excessive pace every month this year.
- Used car prices hit their highest prices in nearly three years.
- Last week, jobless claims hit their highest level since February.
DOWN: Consumer Sentiment, Personal Income, GDP
- U.S. consumer sentiment dropped to a record low this week.
- Personal income fell in February, and wage growth was just 0.2% higher than inflation in March.
- GDP growth was revised down once again to just 0.5% in Q4 2025.
- Prices paid by businesses are at their highest point since 2022.
- Consumer spending is nearly stagnant, and durable goods purchases are declining.
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