Trump promises ‘costs are coming down’ in speech – Business News
President Trump pledged that costs will come down in a speech to homeowners, operators and suppliers of his beloved McDonald’s Monday.
Trump’s handle on the fast-food giant’s Impact Summit in Washington, DC, comes as issues over his handling of the financial system and the value of residing have mounted.
“Prices are coming down,” the president claimed.
U.S. President Donald Trump gestures on the McDonald’s Impact Summit on the Westin Hotel in Washington, D.C.. REUTERS
Trump touted his investment and commerce offers, arguing that the financial system would’ve been a “catastrophe” and the nation might have gone “bankrupt” if he’d misplaced to former Vice President Kamala Harris. Getty Images
“I will tell you that nobody has done what we’ve done in terms of pricing,” Trump argued. “We took over a mess. We had the highest inflation in the history of our country … and now we have normal inflation.”
Inflation ticked up to three% in September over the previous 12 months – the very best charge for the reason that begin of this yr.
The Economist’s famed “Big Mac” index, which tracks the average price of the Golden Arches’ iconic burger, exhibits the sandwich value $6.01 in July, up from $5.69 a yr in the past.
The surge in price comes as the associated fee of ground beef went up to an average of $6.32 in September — up from $5.67 a yr earlier than, based on knowledge from the Federal Reserve Bank of St. Louis.
Last week, the Trump administration eased tariffs on imports of beef, espresso, tropical fruits and different food merchandise to help ease affordability issues.
Trump argued that McDonald’s workers “know the people of our country better than anybody.” REUTERS
“We have it down to a low level,” Trump mentioned of inflation. “But we’re going to get it a little bit lower. We want perfection.”
The president, describing himself to the viewers as “one of your all-time, most loyal customers,” mentioned he’d heard from CEO Chris Kempczinski that “prices at McDonald’s are coming down,” as properly.
Trump touted his investment and commerce offers, arguing that the financial system would’ve been a “catastrophe” and the nation might have gone “bankrupt” if he’d misplaced to former Vice President Kamala Harris final November.
“You are so damn lucky that I won that election,” he mentioned.
Then-Republican presidential nominee Trump works the drive-through line during a marketing campaign picture op as he visits a McDonald’s restaurant in Feasterville-Trevose, Pennsylvania. Getty Images
Trump, who served french fries at a Pennsylvania McDonald’s during the 2024 election marketing campaign, quipped that he’s “the very first former McDonald’s frycook to ever become president of the United States.”
“It was not that easy!” he mentioned of working the drive-thru.
Trump argued that McDonald’s workers “know the people of our country better than anybody.”
“Before the sun rises, you’re serving hot coffee to construction workers, nurses and police officers on the way to the job,” he mentioned. “In the night, you stand prepared with the fast dinner and the smile for busy mothers and their kids as they race from faculty to soccer observe.
“And late at night your lights are on, and the only one still glowing when the long haul trucker pulls up for a good meal and the best Coca-Cola in America.”
Trump advised that his go-to McDonald’s merchandise is their Filet-O-Fish — heavy on one condiment.
“I like the fish,” he mentioned. “You could do a little bit more tartar sauce.”
