Donald Trump on Wednesday marked one year to the day he won the presidential polls and was elected as the US President for the second time.
In a post on Truth Social, Trump claimed of the US economy to be booming, calling affordability a goal.
He said, "Happy Anniversary! On this day, November 5th, one year ago, we had one of the Greatest Presidential Victories in History -- Such an Honor to represent our Country. Our Economy is BOOMING, and Costs are coming way down. Affordability is our goal. Love to the American People!"
According to a new ABC News report, a large share of Americans said US President Trump's tariffs are making life more expensive and hitting their family budgets. The survey found people are feeling the pinch at the shops and at home. About seven in 10 Americans said they are spending more on groceries this year compared with last year.
Around six in 10 said they are paying more for utilities. Roughly four in 10 said they are spending more on healthcare, housing and fuel, as per ABC News.
The impact of high tariffs is being felt across the United States. Majorities of Democrats (89 per cent), independents (73 per cent) and Republicans (52 per cent) said their grocery bills have risen this year. Women are also more likely than men to report higher spending in almost every category, according to ABC.
In the past one year of his presidency, Trump's administration has imposed steep tariffs on several foreign countries, including India. His tariff policy, which is now under review by the Supreme Court, has drawn disapproval from 65 per cent of Americans, who said it has worsened inflation and hurt the economy.
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