Brass bands in Beijing make way for sticker shock at home as Trump returns to escalating inflation
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- Trump returned from a state visit to China, toured a military band and garden, and said Xi congratulated him on “tremendous successes.”
- Cleveland Federal Reserve estimated that annual inflation could reach 4.2% in May after April's 3.8% year‑over‑year rise.
- Boeing would sell up to 750 aircraft to China, according to Trump, and Chinese soybean purchases would benefit American farmers.
- Groundwork Collaborative executive director Lindsay Owens called the economy a “dumpster fire” and warned Trump’s tone‑deafness undermines Republican messaging.
- Iran's nuclear weapons program was singled out by Trump as his top priority, saying he does not think about Americans’ financial situation.
Why it matters: American consumers face higher costs as inflation climbs to 3.8% and may reach 4.2% in May, while farmers hope for Chinese soybean purchases; Trump’s focus on foreign policy sidelines domestic economic relief.
