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Trump Predicts Tariff Payments to ‘Skyrocket’ as Americans Struggle With Paying Bills

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President Donald Trump is praising his own tariffs, declaring that their impacts have yet to be fully felt, and predicting that payments are about to “skyrocket” — just as the holidays approach and Americans are increasingly concerned about being able to pay their bills.

Consumer sentiment has fallen to a near record low, Bloomberg News reported on Friday, noting that views of personal finances are “the dimmest since 2009, and consumers remain frustrated about high prices and weakening incomes.”

“Consumers are anxious about the high cost of living and job security, with the probability of personal job loss climbing to the highest since July 2020,” Bloomberg added.

The Washington Post on Monday reported that “More Americans are getting their power shut off, as unpaid bills pile up.”

READ MORE: Family Food Costs Hit Record High Despite Trump Touting Cheaper Holiday Dinner

An October CBS News poll found that “inflation and the economy now rank as Americans’ top national concerns.”

Inflation remains high at 3.0%. The unemployment rate is now the highest it’s been in nearly four years. Prices for items like beef, coffee, and bananas have increased by double-digit percentages. Major corporations have announced plans to lay off thousands or tens of thousands of workers. And millions of Americans are seeing their health care premiums for next year skyrocket.

But President Trump on Monday appeared unconcerned, celebrating the “massive amount of money being made by the United States of America, Hundreds of Billions of Dollars.”

READ MORE: ‘Frozen’ Labor Market Begins to Crack as Jobless Rate Rises Under Trump

The “amounts payable to the USA will SKYROCKET,” he wrote, “over and above the already historic levels of dollars received. These payments will be RECORD SETTING, and put our Nation on a new and unprecedented course.”

Studies have shown that American consumers and businesses pay the majority of the tariffs and that that figure is expected to increase.

Trump also equated tariffs with national security, vowing, “this Tariff POWER will bring America National Security and Wealth the likes of which has never been seen before.”

And he had a message for his detractors.

“Those opposing us are serving hostile foreign interests that are not aligned with the success, safety and prosperity of the USA. They couldn’t care less about us.”

HuffPost White House correspondent S.V. Dáte responded to the president’s remarks: “Translation: Prices are about to get even higher.”

READ MORE: Trump State Department to Focus on God-Given Rights

 

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Trump Blasted Federal Prosecutors as ‘Weak’ for Not Targeting His Adversaries: Report

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President Donald Trump last week reportedly blasted a group of dozens of U.S. Attorneys for what he viewed as a lack of urgency in pursuing his political adversaries.

The federal prosecutors had traveled to the White House for a photo shoot, The Wall Street Journal reported on Tuesday, but after Attorney General Pam Bondi introduced them to the president, “Trump criticized them as ineffective, saying the group was making it difficult for Bondi and Deputy Attorney General Todd Blanche to do their jobs.”

The exchange between Trump and the U.S. Attorneys “came a day before federal prosecutors sent grand jury subpoenas to the Federal Reserve on Friday, related to Federal Reserve Chair Jerome Powell’s testimony last summer about the central bank’s building-renovation project.”

READ MORE: Trump Declares Grocery Prices ‘Rapidly Down’ as Cost of Food Surges to 3-Year High

Jeanine Pirro, the U.S. Attorney for the District of Columbia, was in attendance at the White House event, the Journal reported. The subpoenas reportedly were sought by prosecutors in her office.

One of Trump’s complaints to the U.S. Attorneys was that they were not acting fast enough and had yet to bring a case against U.S. Senator Adam Schiff (D-CA), a top Trump adversary.

The DOJ reportedly has been examining whether Schiff engaged in mortgage fraud, which has become a common allegation against other Trump critics, including New York Attorney General Letitia James. That case was dismissed, and subsequent grand juries have refused to indict her.

“The president criticized some specific prosecutors by jurisdiction and said he felt betrayed,” the Journal added.

On Monday, Pirro appeared to be quickly backtracking in her office’s investigation of Powell. The Federal Reserve Chairman announced on Sunday that he was being investigated by the Trump Department of Justice, sending markets — and prominent Republicans — spinning.

The Daily Beast reported that Pirro’s investigation is “an inquiry that even Republican lawmakers have blasted as a revenge plot against one of the president’s adversaries that threatens the independence of America’s central bank.”

READ MORE: Warning Signs Flash for GOP as CNN Analyst Predicts House Flip

 

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Trump Declares Grocery Prices ‘Rapidly Down’ as Cost of Food Surges to 3-Year High

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The price of food in grocery stores and restaurants surged to a three-year high last month, even as President Donald Trump on Tuesday insisted he had “defeated” inflation during what he described as “the greatest first year in history” of any president.

“Grocery prices are starting to go rapidly down,” Trump told an audience in Detroit on Tuesday. CNN’s Daniel Dale noted Trump made the claim “on the same day new Consumer Price Index data shows December had the biggest one-month spike in grocery prices, 0.7%, in more than three years.”

Despite the president’s claims, Axios reported that the cost of food in grocery stores rose “roughly 2.4% in December compared to the prior year.”

READ MORE: Warning Signs Flash for GOP as CNN Analyst Predicts House Flip

“But that masks double-digit price increases for a slew of household staples over the past 12 months, including coffee (+20%), beef (+16%) and candy (+10%).”

Delivering his speech on affordability — which as recently as last month he declared a “hoax” — Trump said on Tuesday, “Under our administration, growth is exploding, productivity is soaring, investment is booming, incomes are rising, inflation is defeated, America is respected again, like never before.”

On tariffs, which experts say could increase prices for American families by nearly $5,000 annually and push nearly one million Americans into poverty, Trump pushed back.

“The evidence shows overwhelmingly that the tariffs are not paid by American consumers,” he said, a claim not supported by experts.

The White House on Monday said that Trump has been “laser-focused on making America affordable” since taking office. Just one month ago, President Trump called affordability a “hoax” perpetrated by Democrats.

READ MORE: ‘Organized Gangs of Wine Moms’ Are Impeding Federal Agents Says Fox Columnist

 

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Warning Signs Flash for GOP as CNN Analyst Predicts House Flip

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As Republicans continue their exodus from the House, a CNN analyst reveals that Democrats hold an advantage in party identification over the GOP, Democrats identifying as liberal just hit a 50-year high, and Democrats — he predicts — will take back the House in the November midterm elections.

CNN analyst Harry Enten reported that “the self identified liberalness of this country is at a 50-year high.” And he noted that “more folks are identifying as liberal than at any point since the Gerald Ford administration.”

In 1976, 30 percent of Democrats said they were liberal, Enten said.

“Look at where we are today: 59 percent — 3 in 5 Democrats — say they are liberal.”

READ MORE: Trump ‘Laser-Focused’ on Affordability Says White House After Calling It a ‘Hoax’

“This Democratic party is a liberal — it is a liberal party. Fifty-nine percent of Democrats now identify as liberal,” he continued. “That is also a 50-year high.”

Enten noted that “that is not the only good news for liberals.”

“The party ID margin, Democrats versus Republicans. Now get this, in the latest reading according to Gallup last quarter, it is an eight-point advantage for Democrats.”

“That looks nothing like what we saw going into the 2022 midterms when Republicans had a five-point advantage, and of course, took back the House. This is even better than what we saw Democrats had back in 2017, in quarter four, when they had a six-point advantage, and, of course, Democrats easily took back the House then.”

READ MORE: Pirro Backtracks as Powell Investigation Rapidly Goes Off the Rails

“Democrats are gonna take back the House,” he said.

Enten also pointed to the prediction markets, which now say there is a 77 percent chance of Democrats taking back the House in November.

READ MORE: ‘Organized Gangs of Wine Moms’ Are Impeding Federal Agents Says Fox Columnist

 

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