‘I don’t think about Americans’ financial situation,’ says Trump amid Iran talks
Summary
President Donald Trump said he is focused on preventing Iran from obtaining nuclear weapons and is not considering the financial difficulties Americans face due to the ongoing conflict. Inflation and fuel prices have risen sharply in the US, partly because of the war with Iran.Key Facts
- President Trump said stopping Iran from getting nuclear weapons is his main priority.
- US inflation rose to 3.8% in April, the highest since 2023, mainly driven by energy costs.
- Gasoline prices averaged over $4.50 per gallon, the highest in four years.
- Food, electricity, and airline fares have also increased significantly.
- US Energy Secretary Chris Wright said fuel prices might not fall below $3 per gallon until next year.
- Economic adviser Kevin Hassett said relief from high prices is expected before the upcoming election.
- Senator Marco Rubio said the US is somewhat protected from the worst effects since it exports oil.
- A survey found consumer confidence at its lowest since 2022, when inflation was very high.
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