The President of the United States, Donald Trump, stated this Tuesday that his government has succeeded in halting inflation and that the country is "very close to achieving a perfect level" of economic stability.
"Since January, we have brought inflation to a standstill, and there is still more to do, but we have reduced it to a very good level. (...) Soon it will be at a perfect level. We inherited the worst inflation," he said, referring to Joe Biden's Democratic administration.
The statements were made at the cabinet meeting on December 2, 2025. The president claims that his Administration inherited an out-of-control inflation, which is why he defended the economic measures that, according to him, have allowed for the stabilization of prices and the strengthening of the purchasing power of American families.
Trump also highlighted the progress in reducing the cost of medications. “We are paying the lowest price in the world. People said: ‘They could never do that because they wouldn’t be able to get countries to agree.’ And I did,” he stated, referring to the agreements reached with international pharmaceutical companies to set lower prices.
At the same meeting, the president touted the positive effects of his tax cuts, emphasizing that his administration enacted "the largest tax cuts in U.S. history."
"While Congressional Democrats want the largest tax increase in history, I proudly signed the Great and Beautiful Bill, which includes zero taxes on tips, zero taxes on overtime, and zero taxes on Social Security."
Trump also mentioned the decline in gasoline prices, stating that his administration is working to keep the cost of fuel below 2 dollars per gallon.
"I think we are going to be at 2 dollars a gallon. We might even exceed that figure... and it could be easier to do so if we weren't increasing the Strategic National Reserves, which Biden emptied before the elections," he noted.
The president's statements reinforce his message that the United States has regained economic stability under his leadership, following what he described as “the worst inherited inflationary crisis” from the previous Democratic administration.
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