JD Vance Finally Admits What Trump’s Big Plan to Lower Food Prices Is
newrepublic.com
The plan is no plan.

Summary

Vice President JD Vance claimed that Donald Trump’s policies will lower grocery prices, but he failed to provide details.

Instead, Vance emphasized vague goals like increasing capital investment and job creation.

Meanwhile, Trump’s recent tariff threats, including a 25% increase on Colombian coffee imports, have driven coffee prices higher, exacerbating grocery costs.

Critics note Trump’s shifting narrative, as he now admits it is “hard to bring things down once they’re up.”

Supporters, however, downplayed price hikes, suggesting cheaper alternatives like instant coffee.

  • cows_are_underrated@feddit.org
    0·
    3 months ago

    There are only 3 ways to lower(that came to my mind) prices in a quick way.

    1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.

    2: More competition. If corporations have to compete with each other they usually start a battle over who gets the best quality for the lowest price.

    3: Subsidies. Nothing to say here I guess.

    Edit: Point one and three lower production costs. As others have already pointed out, these dont mean lower prices, but more profit for companys

    • very_well_lost@lemmy.worldEnglish
      0·
      3 months ago

      1: Abandon regulations. If corporations don’t have to invest into safety, ecology and such stuff they have lower production costs which can mean lower prices.

      I think corporations have pretty clearly demonstrated an unwillingness to pass savings in their production chain on to the consumer. For example, very few items have gone back down to their pre-pandemic price point, even though scarcity and supply chain issues from COVID have largely resolved.