Donald Trump, the president of the US, defended himself on Wednesday from criticism over the large egg prices, claiming that he had no part in the boom.
Trump briefly touched on egg prices before revealing the taxes at the very anticipated” Make America Wealthy Once” occasion, where he revealed the mutual tariffs against other nations.
He claimed that the egg prices had spiked before his election as president, shifting the blame to his predecessors and saying,” I just got here.”
Trump made a sweeping set of tariffs known at the event, which included tariffs against China, the European Union, and Japan, under the guise of” Liberation Day.” Although these taxes aim to boost British manufacturing, economists worry that they may increase consumer prices.
Many Americans have been frustrated by egg rates, which started rising in the first year of 2024 as a result of supply chain disruptions and avian flu occurrences.
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A hundred eggs hit a 10-year great of$ 5.90 in February, according to CNN. Prices have started to drop, with general egg then costing$ 3.00 per dozen, largely as a result of a decrease in the number of avian flu cases and an increase in supply.
Customers have yet to experience significant pleasure at grocery stores despite the lower. According to the US Department of Agriculture,” table pricing are only now starting to gradually decline.”
Trump had earlier credited recent price drops with claiming that” we got it down” and citing the$ 1 billion investment made by his administration in battling avian flu. But, industry experts, including Bernt Nelson, an economist for the American Farm Bureau Federation, credit the drop to the increase in production and the healthy recovery of poultry farms.
