Trump’s tariffs and Iran war have added to US inflation
Donald Trump campaigned on lowering prices, but the article argues that tariffs and the war with Iran have instead added to US inflation. It says this has worsened household affordability and helps explain why some people who voted for him now disapprove of his performance.
Trump’s tariffs have raised costs for imported goods, while the article links the Iran war to sharp increases in fuel and related costs. US petrol averages $4.28 a gallon; estimates put the annual cost of tariffs at $1,100 per household and the war’s costs at about $2,000. Average hourly pay and prices have both risen 5.4% since January 2025, leaving no average real wage growth, while the White House disputes the criticism of Trump’s economic record.
In short
- Tariffs and the Iran war have added to inflation.
- Petrol averages $4.28 a gallon in the US.
- Pay and prices have risen at the same rate since January 2025.
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Originally published by The Guardian as “Trump vowed to reduce prices, but his policies have fueled US inflation | Steven Greenhouse”.