President Donald Trump recently addressed rising egg prices as fears of a recession grow. Over the weekend, he shared an article titled โShut Up About Egg Prices โ Trump Is Saving Consumers Millionsโ by conservative activist Charlie Kirk on Truth Social. The article blamed former President Joe Biden for inflation and rising food costs while claiming Trump is focused on saving Americans money elsewhere. Trump blames Biden for these economic issues.
Egg Prices Rise Due to Inflation and Bird Flu
Egg prices have surged in recent weeks. Inflation, combined with a severe bird flu outbreak, has driven up costs. Emily Metz, president and CEO of the American Egg Board, warned that high prices will likely continue until the bird flu subsides. The USDA confirmed there is no treatment for the disease, and affected poultry must be culled to stop its spread. This has led to significant egg shortages nationwide.
Trump blames Biden and Promises to Lower prices Faces Challenges
During his 2024 campaign, Trump promised to reduce grocery prices immediately upon taking office. However, after being sworn in, the White House acknowledged that some economic factors, such as inflation and global conflicts, are beyond presidential control. White House Press Secretary Karoline Leavitt blamed Biden for rising costs, while Trump told Fox News that inflation was not his fault, as he had only been in office for a short time. In essence, Trump blames Biden for the ongoing economic challenges.
Recession Fears Grow as Stock Market Declines
Beyond egg prices, broader economic concerns are rising. The Dow Jones fell by 890 points on March 10, with the S&P 500 and NASDAQ also suffering losses. The NASDAQ recorded its steepest single-day drop since September 2022. Former Treasury Secretary Larry Summers stated that the risk of a recession is increasing, citing counterproductive economic policies as a key reason. It is evident that Trump blames Biden for some of these economic setbacks.
Trumpโs Tariffs and Economic Policies Raise Concerns
Trumpโs tariffs on international imports are another source of concern. Economists warn these policies could further drive inflation, leading to higher costs for consumers. Retaliatory tariffs from other nations may also harm U.S. exports, adding to economic instability. Despite these risks, Trump has not ruled out the possibility of a recession, calling the current situation a โperiod of transition.โ Meanwhile, Trump continues to blame Biden for the current economic difficulties.
