Axios: Midterms vs. markets

⛽ Midterms vs. markets
 
Photo illustration of President Trump tugging down on a hundred dollar bill
President Trump. Photo illustration: Sarah Grillo/Axios. Photo: Alex Grimm/Getty Images
 
President Trump is reaching deeper into individual markets to try to bring down consumer prices.

Why it matters: The administration is under mounting pressure to deliver relief as affordability becomes a bigger political liability ahead of the midterms, Axios’ Courtenay Brown writes.
The moves:

🥩 Beef: Trump said yesterday that he will temporarily waive tariffs on up to 300,000 metric tons of additional beef imports for 90 days, a period that would last through the midterms.

💰 Borrowing costs: The administration has tried to push down longer-term rates through Treasury debt purchases and moves to lower mortgage rates. This week’s initial relief was short-lived.

⛽ Gas: Trump has pushed energy companies to cut pump prices as the Iran war sent oil prices soaring.

🛍️ Retail: The White House has pressed major retailers to cut prices, touting recent reductions by Walmart and others.

The other side: Prescription drugs are a bright spot, with prices dropping at the quickest rate in six decades due to a mix of Trump- and Biden-era policies, as well as market forces.

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About michelleclarke2015

Life event that changes all: Horse riding accident in Zimbabwe in 1993, a fractured skull et al including bipolar anxiety, chronic fatigue …. co-morbidities (Nietzche 'He who has the reason why can deal with any how' details my health history from 1993 to date). 17th 2017 August operation for breast cancer (no indications just an appointment came from BreastCheck through the Post). Trinity College Dublin Business Economics and Social Studies (but no degree) 1997-2003; UCD 1997/1998 night classes) essays, projects, writings. Trinity Horizon Programme 1997/98 (Centre for Women Studies Trinity College Dublin/St. Patrick's Foundation (Professor McKeon) EU Horizon funded: research study of 15 women (I was one of this group and it became the cornerstone of my journey to now 2017) over 9 mth period diagnosed with depression and their reintegration into society, with special emphasis on work, arts, further education; Notes from time at Trinity Horizon Project 1997/98; Articles written for Irishhealth.com 2003/2004; St Patricks Foundation monthly lecture notes for a specific period in time; Selection of Poetry including poems written by people I know; Quotations 1998-2017; other writings mainly with theme of social justice under the heading Citizen Journalism Ireland. Letters written to friends about life in Zimbabwe; Family history including Michael Comyn KC, my grandfather, my grandmother's family, the O'Donnellan ffrench Blake-Forsters; Moral wrong: An acrimonious divorce but the real injustice was the Catholic Church granting an annulment – you can read it and make your own judgment, I have mine. Topics I have written about include annual Brain Awareness week, Mashonaland Irish Associataion in Zimbabwe, Suicide (a life sentence to those left behind); Nostalgia: Tara Hill, Co. Meath.
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