Former U.S. President Donald Trump claimed on Tuesday night that prices for everyday goods — including gasoline and groceries — are coming down, attributing the trend to what he described as “record numbers” in tariffs collected by the U.S. government. The statement was made via a post on his social media platform, Truth Social.
Trump also stated that overall inflation in the country is declining, though he did not provide any specific figures or data to back up the claim.
His comments come just days after official U.S. government data, released on April 10, showed a surprising dip in consumer prices for the month of March. While the report did indicate a slight decrease in inflation, experts remain divided on whether this signals a consistent downward trend or a temporary fluctuation.
Economists have pointed out that while tariffs can generate revenue for the government, they often lead to higher prices for imported goods — costs that are typically passed on to consumers. Trump’s assertion that tariffs are bringing prices down contradicts this widely accepted economic understanding, and no detailed explanation was provided to support his claim.
Trump’s post did not reference the government’s April inflation report or clarify which products have seen price drops. Meanwhile, inflation and the cost of living remain top issues for American voters heading into the next election cycle.
In a separate but unrelated development, India’s gasoline demand is projected to reach its peak by 2035, signaling a broader shift in global energy trends.
