Biden Slams Trump's Tariff Plan, Says Economists Predict $2,500 Extra Yearly Expense for American Families

President Biden touted the latest inflation report, showing that inflation is down and prices fell last month at his press conference. Core inflation is at its lowest point in three years. The consumer price index dropped 0.1% in June from May, marking the first decline in over four years, according to the latest Labor Department report. Biden criticized former President Trump's proposed economic policy of implementing a 10% baseline tariff on all US imports, including food and other necessities. According to Biden, economists say Trump's tariff plan would cost the average American family an extra $2,500 annually.