President Donald Trump promised to bring inflation down. Yet he keeps doing things that push prices up.The war on Iran is Exhibit A. When Iranian authorities retaliated by closing the Strait of Hormuz, a global energy lifeline, the price of gasoline jumped more than 50 percent from pre-war levels. Consumers are now paying an average of $4.51 per gallon, according to AAA.
Trump’s policies are working together to hike prices, as midterms approach
Trump needs lower inflation to help Republicans in the November elections. But some of his main economic policies are causing prices to rise.
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