US President Donald Trump defended himself on Wednesday in opposition to criticism over excessive egg prices, claiming he had no function within the surge.
Talking at extremely anticipated ‘Make America Rich Once more’ occasion the place he introduced the reciprocal tariffs over different nations, Trump briefly spoke about egg prices earlier than revealing the taxes.
About talking of egg prices, he shifted blame to his predecessors and mentioned, “I just got right here,” and asserting that the steep rise occurred earlier than his return to workplace.
On the occasion, Trump introduced a sweeping set of tariffs focusing on numerous nations, together with China, the European Union, and Japan, underneath what he referred to as “Liberation Day.” Whereas these tariffs purpose to strengthen American business, economists have raised issues that they may additional drive up prices for shoppers.
Egg prices have been a degree of frustration for a lot of People, with prices skyrocketing in early 2024 because of provide chain disruptions and avian flu outbreaks.
Additionally See:Donald Trump Tariffs
In accordance with CNN, a dozen eggs reached a ten-12 months excessive of $5.90 in February. Nonetheless, prices have began to say no, with wholesale eggs now averaging $3.00 per dozen, largely because of improved provide and fewer avian flu instances.
Regardless of the lower, shoppers have but to see main reduction at grocery shops. The US division of agriculture mentioned that “solely now beginning to see shelf prices slowly decline.”
Earlier, Trump had taken credit score for current worth drops, stating, “we got it down,” and pointing to his administration’s $1 billion funding in combating avian flu. Nonetheless, business consultants, together with American Farm Bureau Federation economist Bernt Nelson, attribute the decline to the pure restoration of poultry farms and elevated manufacturing, reported CNN.
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