Reuters warns: Trump's economic stance is chaotic and may drag down the Republican midterm elections

BlockBeats News, February 10 — Reuters analysis points out that Trump’s miscommunication on inflation and living costs is creating risks for the upcoming midterm elections. Several Republican strategists and former government economic officials warn that Trump may be repeating Biden’s mistakes during high inflation periods, damaging his own and the Republican Party’s credibility on key economic issues that voters care about most.

According to reports, in five economic speeches since December last year, Trump has claimed nearly 20 times that inflation has been defeated and nearly 30 times that prices are falling, but actual data and public perception do not support these claims. Over the past year, inflation remains close to 3%, with daily expenses like food continuing to rise: ground beef prices are up 18% year-over-year, and ground coffee prices have increased by 29%.

Reuters statistics show that during approximately five hours of speeches, nearly half the time was spent deviating from economic topics, frequently shifting to immigration, foreign policy, and attacks on political opponents. Republican insiders are concerned that his self-described “interjected” speech style is obscuring his core economic policies, making it difficult for voters to form a clear understanding.

Republican strategists openly state that if Trump continues to make statements disconnected from reality before the November midterm elections, it could hinder Republican candidates in key swing districts. Polls show that only about 35% of Americans approve of Trump’s handling of the economy, significantly lower than at the start of his term.

Several former government economic officials believe that the most critical thing for the president in an election year is to demonstrate an understanding of voters’ economic struggles. They warn that ignoring this point is a major reason Biden may lose in the 2024 election.