Summary

Inflation in the U.S. rose 3% in January, with rent alone accounting for 30% of the increase.

Egg prices soared due to avian flu, worsening grocery costs.

Despite pledging to lower prices, Trump blamed inflation on Biden and foreign countries while avoiding specifics on his plan.

In a Fox News interview, he dodged questions about when prices would drop, instead citing trade deficits. The White House press secretary confirmed that the administration has no clear timeline for addressing the rising cost of living.

  • pivot_root@lemmy.world
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    14 hours ago

    If the past month has been any indication of the next 47 of them, Canada might want to start negotiating long-term trade deals with Europe and China while also significantly cutting back on trade with the United States.

    1. Trump has suggested he wants to use economic pressure against Canada.

    2. Trump has “joked” about Canada becoming the 51st state.

    3. Like with blackmailers, once you give into the first demand of someone using threats as a bargaining chip, they come back asking for even more.

    Canada seems to have something we need (oil, natural resources). They’re well within their rights to treat us as a hostile nation and show the assholes in power that they need to play nicely in global politics more than they think they do. With the way things are going, the average US citizen is probably fucked either way, so it’s not like it’s going to harm anybody but the oligarchs in the long run.

    • Arghblarg@lemmy.ca
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      14 hours ago

      Thank you for being open to the possibilities of that. I wish none of this were happening and feel for those in the US who are going to have to endure what is to come. I can only count myself fortunate I’m not actually there, and only adjacent.