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Trump’s economic blueprint backfires as inflation climbs: WSJ
U.S. President Donald Trump speaks during a press briefing at the White House, on the one-year mark into his second term in office, in Washington, D.C., U.S., January 20, 2026. REUTERS Nathan Howard
What happened
AlterNet, citing The Wall Street Journal, reports that key parts of President Donald Trump’s economic program produced the opposite of his promised result: inflation rose, the 10-year Treasury yield climbed above its Inauguration Day level, and consumer borrowing remained expensive. The reported drivers included tariffs, tax cuts and new spending without the promised fiscal…
The skinny
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