Trump backtracks on campaign pledge to bring down grocery prices
Trump backtracks on campaign pledge to bring down grocery prices
The president-elect walked back what was always a wildly unrealistic campaign promise.
Summary
Trump admitted it will be difficult to lower consumer prices, despite campaign promises to reduce grocery, energy, and overall inflation costs.
Trump told Time that achieving price reductions is rare without major economic downturns.
During the campaign, Trump blamed rising costs on Democratic leadership and proposed tariffs as a solution, but economists warn tariffs could raise prices further.
Inflation, a key voter concern, played a significant role in Trump’s election victory, though he has yet to outline a clear plan to deliver on his economic pledges.
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He's saying this because his administration will absolutely approve the Kroger Albertsons merger
https://www.npr.org/2024/12/10/nx-s1-5114999/kroger-albertsons-merger-ftc-lawsuit-court-ruling
Yes, that's what the article I linked says.
Kroger and Albertsons saw their $24.6 billion merger blocked on Tuesday by judges in two separate cases, one brought by federal regulators and the other by the Washington state attorney general.
However that's likely temporary until the Trump administration is in. It'll probably be passed within the first year. Kroger and Albertsons just need to settle their current suit and re apply to the Trump administration.
That was 2 days ago. Late yesterday, Albertson's pulled out and sued Kroger over failure to get it done.
Like I said, all that needs done is for the suit to be settled, happens all the time with large mergers or when companies reincorporate.
The damages being sought are for leverage for a new merger agreement or a reincorporation. It doesn't matter that Kroger pulled out early. https://www.americanbar.org/groups/litigation/resources/newsletters/commercial-business/how-merger-litigation-works-now/
@[email protected] 1 year
Please respond to this comment when you get your answer. I too am interested. I hope I'm wrong to be honest
I've been unfortunately correct before about this bullsit tho.
Because if monopolies are known for anything, it's reducing prices to benefit the consumer. /s