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Trump's Economic Policies: Impact On Prices And Inflation

A shopper examines large-screen televisions on display in a Costco warehouse on Sept. 19, 2024, in Lone Tree, Colo. (AP Photo/David Zalubowski, File)

Fed up with high prices and unimpressed with the current state of the economy, Americans voted for change in the recent presidential election. President-elect Donald Trump has promised to overturn many of the Biden administration's economic policies, including imposing significant tariffs on foreign goods, cutting taxes for individuals and businesses, and deporting millions of undocumented immigrants.

Many Americans believe that Trump can restore the low prices and economic stability they experienced during his first term, prior to the COVID-19 recession and subsequent recovery that led to soaring inflation. Despite inflation levels now returning to normal, consumers remain frustrated with persistently high prices.

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