Trump voters get smacked by inflation in shopping aisles — and some blame tariffs
Shoppers vote with their wallets – and even those who supported President Trump are having a tough time swallowing prices that are surging because of his trade war, The Post has learned.
Omar — a Los Angeles-based long-haul truck driver who spoke to The Post on the condition his last name not be given — said he convinced his wife, grown children and father-in-law to vote for Trump last fall.
His pitch: Trump was 'a businessman and everything was going to better because he was going to be good for the economy,' he told The Post in an interview.
Since then, however, parts and services for his rig have gone through the roof. An oil change now costs $480 compared with the $360 he paid a year ago. He recently forked out $600 each for Firestone tires. Last year, they were $390 each.
'He's doing things that are making the economy worse,' Omar said. 'Tariffs are hurting everyone.'
8 Retailers have signaled that they will raise prices while some have already done so on some items.
Reddit/Plus_Astronaut_420
On Wednesday, the US Bureau of Labor Statistics said inflation in May rose 2.4%. That was in line with the expectations of economists, who said the effects of Trump's tariffs still haven't had a broad and significant impact on prices.
Some shoppers aren't buying it, as many of the the 40% of Americans who are living paycheck to paycheck see their purchasing power as vanishing. Retailers including Walmart, Dollar General, Target, Costco and Best Buy have warned they will be raising prices due to tariffs – and some have been caught doing it already.
At Walmart, a 'Jurassic World' T. Rex figure had spiked by nearly 38% to $55 on May 21 from just a month ago. A heating pad costs 25% more $24.96 this year, according to employees who posted photos of the price hikes on social media. A fishing reel at Walmart jumped to $83.26 from $57.37.
8 A fishing reel at Walmart jumped in price this year, according to Walmart employees.
Reddit/Majestickenny12
Joe — a regular Walmart shopper who also asked that his last name not be used — told The Post last week he was eyeing new air conditioners at the store in Cortlandt Manor, NY. Last year, he said, a small unit that cools off a 300-square-foot room cost $115 — up from $100 a year earlier.
Now, that same unit costs $139.
A resident of nearby Peekskill, NY, he adds that he's cooking at home more and cutting back on visits to McDonald's, Panera Bread and his favorite local diner — where a steak now costs $30 versus $22 last year — to about three times a month versus eight times a month last year.
'I don't like the fact that I'm paying more for the same thing that used to cost me less,' he told The Post.
8 Peekskill resident, Joe, says a small air conditioner at Walmart cost $115 last year– and this year it's $139.
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Last week, Campbell's CEO Mick Beekhuizen said during an earnings call with analysts that the company is seeing 'the highest levels of meals prepared at home since early 2020.'
Campbell's is selling more canned soup, Italian sauces and meals, Beekhuizen said as consumers choose 'ingredients that help stretch tighter food budgets.'
As of April, prices on groceries and key household goods had risen by 56% during the past six years, according to a Gordon Haskett pricing study looking at 20 common items at a Texas Walmart store.
Shoppers at that location paid $99.40 in April for the same 20 items that cost them $63.52 in April 2019, including a 111% increase for a two-liter bottle of Pepsi to $2.64, a 41% increase to $8.44 for 12 rolls of Angel Soft toilet paper and a 56% increase to $3.48 for a 20-ounce Heinz ketchup bottle.
The pain has only increased in recent weeks, according to grocery store owners.
8 President Trump shows off a chart of tariffs on 'Liberation Day.'
AFP via Getty Images
8 Walmart workers are sharing pictures of price hikes at stores around the country.
Reddit/Nvalee
A 10.8 oz box of Honey Nut Cheerios and a 9.6 oz box of Kellogg's Corn Flakes each went up by 50 cents since March to $5.99 at three Key Food stores in the New York metro area and Massachusetts, according to an owner, Anthony Pena. A 59 oz bottle of Tropicana orange juice meanwhile went up by 10% to $5.59 over the same period and bananas have risen by as much as 5 cents to 15 cents per pound in New York City.
'Our distributors don't tell us why the prices went up,' Pena added. 'They just post the new prices.'
Milton and Nettie Hargrove, a retired couple living in Peekskill, NY, were out last week at a nearby Five Below buying candy – one of the few treats they allow themselves these days. They live on Social Security and have to budget carefully or they will wind up borrowing from friends and family to pay for food and gas, they told The Post.
Meanwhile, southern states including Louisiana, Mississippi, Arkansas, Georgia, Texas, and North Carolina are 'experiencing some of the greatest consumer credit stress,' said Moody's economist Justin Begley.
The 30-plus day delinquency rates on credit cards, auto and student loans in those states have all risen the most this year, according to Moody's data.
8 A 59-ounce Tropicana orange juice costs 10% more since March at several Key Food grocery stores.
Tropicana
'A lot of people have been relying on debt to make ends meet,' said Richard Barrington, a financial analyst for Credit Sesame. Credit-card debt has grown at a faster rate than any other type of debt over the past 5 years.
'It's not like prices reset to where they were before,' Barrington added. 'They are still higher than they were and they are eating up a higher portion of people's budget.'
While inflation has tracked lower than many economists expected, it could ratchet up to 4% later this year depending on what happens with tariffs, according to Moody's chief economist, Mark Zandi.
8 Honey Nut Cheerios is 50 cents more expensive since March at some Key Food stores.
General Mills
8 Kellogg's Corn Flakes is 50 cents more expensive since March.
Kellogg's
Thanks to a 25% tariff on automobiles, new car buyers paid 2.5% more for their vehicles in April compared to March – or $48,699, according to Kelley Blue Book, which notes that a monthly increase that steep is 'rare.'
Used cars ticked up by $367 to $25,547 over the same period. Older vehicles priced less than $15,000 are in 'short supply' as shoppers rushed to scoop up deals before tariffs kicked in, according to the Blue Book.
'We are at the precipice of a storm and you want to say 'look up, look at what's coming and protect yourself,' Jeff Mandel, founder of IDIQ, which offers financial services and advice to consumers in financial distress.
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CNN
26 minutes ago
- CNN
The kings of Queens: Andrew Cuomo seeks restoration months after Donald Trump's
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Yahoo
32 minutes ago
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Arellano: Welcome to the deportation resistance, Dodgers. What's next?
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Fans booed while stadium security recently booted out attendees who brought signs to games decrying ICE, but Kasten and his crew knew no one would walk out in solidarity. All the Dodgers have to do is keep winning, stage an occasional giveaway night — wow, look! Another Valenzuela bobblehead on July 19! — or have organist Dieter Ruehle play a few bars of 'La Chona' and all is forgiven by too many too often. Sports teams have no obligation to take stances on the issues of the day and probably shouldn't. They're capitalist endeavors, not charity cases, whose stated mission is to provide bread and circuses to the masses while making as much profit as possible in the process. Social justice-minded followers too often willfully forget this. But they and the rest of us deserve to hold the Dodgers to a higher standard because that's how they have always marketed themselves. Advertisement They're the organization that broke baseball's color barrier with Jackie Robinson. 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This story originally appeared in Los Angeles Times.
Yahoo
36 minutes ago
- Yahoo
Pakistan to nominate Trump for Nobel Peace Prize
By Saeed Shah ISLAMABAD (Reuters) -Pakistan said on Saturday it would recommend U.S. President Donald Trump for the Nobel Peace Prize, an accolade that he has said he craves, for his work in helping to resolve the recent conflict between India and Pakistan. Some analysts in Pakistan said the move might persuade Trump to think again about potentially joining Israel in striking Iran's nuclear facilities. Pakistan has condemned Israel's action as a violation of international law and a threat to regional stability. In May, a surprise announcement by Trump of a ceasefire brought an abrupt end to a four-day conflict between nuclear-armed foes India and Pakistan. Trump has since repeatedly said that he averted a nuclear war, saved millions of lives, and grumbled that he got no credit for it. Pakistan agrees that U.S. diplomatic intervention ended the fighting, but India says it was a bilateral agreement between the two militaries. "President Trump demonstrated great strategic foresight and stellar statesmanship through robust diplomatic engagement with both Islamabad and New Delhi, which de-escalated a rapidly deteriorating situation," Pakistan said. "This intervention stands as a testament to his role as a genuine peacemaker." Governments can nominate people for the Nobel Peace Prize. There was no immediate response from Washington. A spokesperson for the Indian government did not respond to a request for comment. Trump has repeatedly said that he's willing to mediate between India and Pakistan over the disputed Kashmir region, their main source of enmity. Islamabad, which has long called for international attention to Kashmir, is delighted. But his stance has upended U.S. policy in South Asia, which had favored India as a counterweight to China, and put in question previously close relations between Trump and Indian Prime Minister Narendra Modi. In a social media post on Friday, Trump gave a long list of conflicts he said he had resolved, including India and Pakistan and the Abraham accords in his first term between Israel and some Muslim-majority countries. He added: "I won't get a Nobel Peace Prize no matter what I do." Pakistan's move to nominate Trump came in the same week its army chief, Field Marshal Asim Munir, met the U.S. leader for lunch. It was the first time that a Pakistani military leader had been invited to the White House when a civilian government was in place in Islamabad. Trump's planned meeting with Modi at the G7 summit in Canada last week did not take place after the U.S. president left early, but the two later spoke by phone, in which Modi said "India does not and will never accept mediation" in its dispute with Pakistan, according to the Indian government. Mushahid Hussain, a former chair of the Senate Defence Committee in Pakistan's parliament, suggested nominating Trump for the peace prize was justified. "Trump is good for Pakistan," he said. "If this panders to Trump's ego, so be it. All the European leaders have been sucking up to him big time." But the move was not universally applauded in Pakistan, where Trump's support for Israel's war in Gaza has inflamed passions. "Israel's sugar daddy in Gaza and cheerleader of its attacks on Iran isn't a candidate for any prize," said Talat Hussain, a prominent Pakistani television political talk show host, in a post on X. 'And what if he starts to kiss Modi on both cheeks again after a few months?"
