{"id":838,"date":"2026-05-16T17:34:19","date_gmt":"2026-05-16T17:34:19","guid":{"rendered":"https:\/\/orlandorelocationreport.com\/?p=838"},"modified":"2026-05-16T17:34:19","modified_gmt":"2026-05-16T17:34:19","slug":"brass-bands-in-beijing-make-way-for-sticker-shock-at-home-as-trump-returns-to-escalating-inflation","status":"publish","type":"post","link":"https:\/\/orlandorelocationreport.com\/?p=838","title":{"rendered":"Brass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation"},"content":{"rendered":"
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By JOSH BOAK<\/p>\n

WASHINGTON (AP) \u2014 President Donald Trump returned from the spectacle of a Chinese state visit to a less than welcoming U.S. economy \u2014 with the military band and garden tour in Beijing giving way to pressure over how to fix America\u2019s escalating inflation rate. <\/p>\n

Read more Israeli strike kills Hamas\u2019 military wing leader, who Israel says was an architect of Oct 7 attacks<\/a><\/p>\n

Consumer inflation in the United States increased to 3.8% annually in April, higher than what he inherited as the Iran war and the Republican president\u2019s own tariffs have pushed up prices. Inflation is now outpacing wage gains and effectively making workers poorer. The Cleveland Federal Reserve estimates that annual inflation could reach 4.2% in May as the war has kept oil and gasoline prices high.<\/p>\n

Trump\u2019s time with Chinese leader Xi Jinping appears unlikely to help the U.S. economy much, despite Trump\u2019s claims of coming trade deals. The trip occurred as many people are voting in primaries leading into the November general election while having to absorb the rising costs of gasoline, groceries, utility bills, jewelry, women\u2019s clothing, airplane tickets and delivery services. Democrats see the moment as a political opportunity.<\/p>\n

\u201cHe\u2019s returning to a dumpster fire,\u201d said Lindsay Owens, executive director of Groundwork Collaborative, a liberal think tank focused on economic issues. \u201cThe president will not have the faith and confidence of the American people \u2014 the economy is their top issue and the president is saying, \u2018You\u2019re on your own.\u2019\u201d<\/p>\n

The president\u2019s trip to Beijing and his recent comments that indicated a tone-deafness to voters\u2019 concerns about rising prices have suggested his focus is not on the American public and have undermined Republicans who had intended to campaign on last year\u2019s tax cuts as helping families.<\/p>\n

Trump described the trip as a victory, saying on social media that Xi \u201ccongratulated me on so many tremendous successes,\u201d as the U.S. president has praised their relationship.<\/p>\n

Trump told reporters that Boeing would be selling 200 aircraft \u2014 and maybe even 750 \u201cif they do a good job\u201d \u2014 to the Chinese. He said American farmers would be \u201cvery happy\u201d because China would be \u201cbuying billions of dollars of soybeans.\u201d<\/p>\n

\n<\/div>\n

\u201cWe had an amazing time,\u201d Trump said as he flew home on Air Force One, and told Fox News\u2019 Bret Baier in an interview that gasoline prices were just some \u201cshort-term pain\u201d and would \u201cdrop like a rock\u201d once the war ends.<\/p>\n

Inflationary pain is not a factor in how T<\/h4>\n

rump handles Iran<\/h4>\n

Trump departed from the White House for China by saying the negotiations over the Iran war depended on stopping Tehran from developing nuclear weapons. \u201cI don\u2019t think about Americans\u2019 financial situation. I don\u2019t think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon,\u201d Trump said.<\/p>\n

That remark prompted blowback because it suggested to some that Trump cared more about challenging Iran than fighting inflation at home. Trump defended his words, telling Fox News: \u201cThat\u2019s a perfect statement. I\u2019d make it again.\u201d<\/p>\n

The White House has since stressed that Trump is focused on inflation. <\/p>\n

\n<\/div>\n

Asked later about the president\u2019s words, Vice President JD Vance said there had been a \u201cmisrepresentation\u201d of the remarks. White House spokesman Kush Desai said the \u201cadministration remains laser-focused on delivering growth and affordability on the homefront\u201d while indicating actions would be taken on grocery prices.<\/p>\n

But as Trump appeared alongside Xi, new reports back home showed inflation rising for businesses and interest rates climbing on U.S. government debt.<\/p>\n

His comments that Boeing would sell 200 jets to China caused the company\u2019s stock price to fall because investors had expected a larger number. There was little concrete information offered about any trade agreements reached during the summit, including Chinese purchases of U.S. exports such as liquefied natural gas and beef.<\/p>\n

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\u201cForeign policy wins can matter politically, but only if voters feel stability and affordability in their daily lives,\u201d said Brittany Martinez, a former Republican congressional aide who is the executive director of Principles First, a center-right advocacy group focused on democracy issues.<\/p>\n

\u201cMidterms are almost always a referendum on cost of living and public frustration, and Republicans are not immune from the same inflation and affordability pressures that hurt Democrats in recent cycles,\u201d she added.<\/p>\n

Democrats see Trump as vulnerable<\/h4>\n

Democratic lawmakers are seizing on Trump\u2019s comments before his trip as proof of his indifference to lowering costs. There is potential staying power of his remarks as Americans head into Memorial Day weekend facing rising prices for the hamburgers and hot dogs to be grilled.<\/p>\n

\u201cWhat Americans do not see is any sympathy, any support, or any plan from Trump and congressional Republicans to lower costs \u2013 in fact, they see the opposite,\u201d Senate Democratic leader Chuck Schumer of New York said Thursday.<\/p>\n

Vance faulted the Biden administration for the inflation problem even though the inflation rate is now higher than it was when Trump returned to the White House in January 2025 with a specific mandate to fix it.<\/p>\n

\u201cThe inflation number last month was not great,\u201d Vance said Wednesday, but he then stressed, \u201cWe\u2019re not seeing anything like what we saw under the Biden administration.\u201d<\/p>\n

Inflation peaked at 9.1% in June 2022 under Biden, a Democrat. By the time Trump took the oath of office, it was a far more modest 3%.<\/p>\n

Trump\u2019s inflation challenge could get harder<\/h4>\n

The data tells a different story as higher inflation is spreading into the cost of servicing the national debt.<\/p>\n

Over the past week, the interest rate charged on 10-year U.S. government debt jumped from 4.36% to 4.6%, an increase that implies higher costs for auto loans and mortgages.<\/p>\n

\u201cMy fear is that the layers of supply shocks that are affecting the U.S. economy will only further feed into inflationary pressures,\u201d said Gregory Daco, chief economist at EY-Parthenon.<\/p>\n

Daco noted that last year\u2019s tariff increases were now translating into higher clothing prices. With the Supreme Court ruling against Trump\u2019s ability to impose tariffs by declaring an economic emergency, his administration is preparing a new set of import taxes for this summer.<\/p>\n

Daco stressed that there have been a series of supply shocks. First, tariffs cut into the supply of imports. In addition, Trump\u2019s immigration crackdown cut into the supply of foreign-born workers. Now, the effective closure of the Strait of Hormuz has cut off the vital waterway used to ship 20% of global oil supplies.<\/p>\n

Read more Pedestrian dead, driver missing after fatal hit-and-run in Christmas<\/a><\/p>\n

\u201cWe\u2019re seeing an erosion of growth,\u201d Daco said.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By JOSH BOAK WASHINGTON (AP) \u2014 President Donald Trump returned from the spectacle of a Chinese state visit to a less than welcoming U.S. economy \u2014 with the military band and garden tour in Beijing giving way to pressure over how to fix America\u2019s escalating inflation rate. Consumer inflation in the United States increased to [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":837,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,14],"tags":[],"class_list":["post-838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-world-news"],"yoast_head":"\nBrass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation - Orlando Relocation Report<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/orlandorelocationreport.com\/?p=838\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation - Orlando Relocation Report\" \/>\n<meta property=\"og:description\" content=\"By JOSH BOAK WASHINGTON (AP) \u2014 President Donald Trump returned from the spectacle of a Chinese state visit to a less than welcoming U.S. economy \u2014 with the military band and garden tour in Beijing giving way to pressure over how to fix America\u2019s escalating inflation rate. 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