The bolded part was written in a tone that suggests Trump’s policy actions are responsible for inflation improvements. That is almost complete fiction.
Inflation is a condition that takes a long time to work its way thru the supply chain to become visible. It can take anywhere from a year to two + years for it to appear. Conversely, it takes several years to bring down.
In addition, US inflation data includes highly lagging indicators, such as housing, distorting the real picture.
Trump’s policies this far have had almost zero to do with inflation reduction, except for him executing crooked deals with Saudi Arabia to temporarily reduce oil prices in exchange for favors for the Saudi royal family. Zero. In fact, his original dumping of trillions of dollars onto the market during Covid caused the inflation we experienced during the Biden administration. To be fair, Biden did not tackle inflation aggressively enough to reduce it, but Trump was the original source of it.
Now, Trump’s tariff policies are incredibly inflationary. In addition, his budget does not effectively tackle the deficit. For all of the spending cuts, he’s just giving tax breaks (new and extending) to wash away any deficit reduction and moving money to defense, which doesn’t need it. This is why longer term rates continue to remain stubbornly high. This policy is the wrong policy.
The conundrum we all face is that a Democrat controlled government wouldn’t cut government spending, and a mixed Democrat Republican Congress and Presidency will never agree on anything for the good of the country because Republicans have been following a strategy since the Obama administration of never doing anything positive while a Democrat is President.
So in summary, because of inept government leadership we will have higher inflation and deficits, and continue to spiral towards judgement day for the foreseeable future until US citizens start voting for candidates who solve these problems, rather than parties and candidates who are on the take from industries, the wealthy, and special interest groups. The only path out of this is a citizen who isn’t stupid.