Trump promises to lower all prices in the United States as his popularity declines

President Donald Trump assured this lunethat will eliminate inflation and reduce the prices of medicines, gasoline and food, amid a sustained drop in his public approval rating.

More than 100 days into office, Trump is the president with the lowest popular support at this point in his term since modern records exist.

In a series of posts on his Truth Social network, the president announced that his administration will lower drug prices “by 59%” and also reduce the cost of energy, gasoline, food, and “everything else.” He did so in his signature style, signing off with: “No inflation! Love, DJT.”

Economic promises run counter to warnings

Trump defended his new economic offensive as a "financial revolution," based on protectionist tariffs, reduced pharmaceutical spending, and pressure on allied countries that, he said, have exploited the U.S. economy for years.

In a second message, he denounced the fact that drug prices in the United States are five to ten times higher than in other countries, blaming the system that forces Americans to subsidize pharmaceutical research. "That's over," he said as he announced an executive order establishing most-favored-nation pricing, meaning the country will only pay the lowest price for drugs recorded anywhere in the world.

He also criticized the European Union, accusing it of suing American tech giants—such as Apple, Google, and Meta—and obtaining multi-billion-dollar damages of up to $20 billion, which are then used "to fund their operations."

“That’s not going to happen anymore,” Trump warned in a video shared by Rapid Response 47 on the X network, in which he also blamed European courts for favoring their own commercial interests to the detriment of American companies.

Fed and analysts warn: inflation and unemployment are looming

Trump's promises contrast with recent warnings from the Federal Reserve (Fed), which has decided to keep interest rates unchanged in the 4,25% to 4,5% range. Jerome Powell, the central bank's chairman, warned that the president's aggressive tariff policy could have the opposite effect: higher inflation, lower economic growth, and higher unemployment.

"We're probably facing a dangerous combination that will slow down the economy rather than boost it," Powell said in remarks reported by EFE.

Despite these signs of caution, Trump has doubled down on his rhetoric. “Don’t be weak! Don’t be stupid! Be strong, courageous, and patient, and GREATNESS will be the result!” he wrote just minutes before Wall Street opened with another day of decline.

Popularity on the decline

Meanwhile, the most recent national polls show Trump as the president with the lowest approval rating after 100 days in office in modern US history. His support has fallen to less than 40%, according to Gallup and other surveys, below even George W. Bush's ratings after the Iraq invasion or Jimmy Carter's during the energy crisis.

Discontent is especially concentrated in sectors that voted for Trump hoping for immediate economic relief, and who now face high prices, job uncertainty, and fears of new trade wars. Added to this are internal divisions within the Republican Party, where several lawmakers have expressed concern.cupaction due to the president's belligerent tone and his distancing from international organizations.

Even so, Trump has announced that he will sign a new trade agreement with the United Kingdom, which he calls "the first of many," with the aim of reactivating foreign trade under its own rules.