Foreign Affairs: To curb inflation, US officials are scrapping beef tariffs, offering subsidies to citizens and looking for ways to limit diesel exports.
According to VN Express on September 30, 2026, the US midterm elections are just five weeks away, but inflation remains high. Experts say it is unclear what policies the Trump administration can implement to appease voters fed up with rising commodity prices, which would help his Republican Party retain control of Congress.
Inflation in the US has been above the 2% target set by the Federal Reserve for more than five years. In mid-month, the US Federal Reserve raised interest rates for the first time in three years to curb rising commodity prices.
However, some of Trump’s policies have also contributed to worsening inflation, according to economists. Conflict in the Middle East has disrupted global oil supplies, pushing up energy prices. Tariffs on imports have made some goods more expensive. The administration’s tougher measures on immigration have also made it harder for domestic businesses to find cheap labor.
Edited: October
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