President Donald Trump on Tuesday dismissed concerns about the financial impact of the ongoing Iran war on American households, stating bluntly that he does not think about the economic situation of the United States. His comments came as new data showed inflation surging and gas prices reaching record highs, driven by the conflict and the blockade of the Strait of Hormuz.
Trump's Dismissive Remarks
Speaking to reporters as he departed the White House for a state visit to China, Trump said: "I don't think about American financial situation — I don't think about anybody. I think about one thing: We cannot let Iran have a nuclear weapon." The remarks followed the release of Labor Department figures showing the Consumer Price Index rose 3.8% year-on-year, with a 0.6% monthly increase. Gasoline prices jumped 5.4% in April alone as the standoff with Iran blocked a key oil shipping route.
Public Blame and Polling
A CNN/SSRS poll found that 77% of respondents blame Trump's policies for rising living costs, citing the war and tariffs as primary factors. Approximately 70% disapprove of the president's handling of the economy. Trump, however, insisted his economic policies are working, claiming inflation was at 1.7% before the war began and that the stock market is at record highs.
Economic Consequences of the War
The war, which began in February, has had tangible effects on American consumers. According to AAA, the national average price for a gallon of regular gasoline reached $4.50 on May 12, up from $3.13 a year earlier. The Consumer Price Index continued its upward trend, with consumer prices rising 3.8% from the previous year. Trump argued that the end of the war would bring oil prices down and boost the stock market further.
War and Nuclear Ambitions
Trump suggested that anyone concerned about the economy wants Iran to acquire nuclear weapons, calling such individuals "stupid." He downplayed the economic hardships, saying, "If the stock market goes up or down a little bit, the American people understand." However, diplomatic efforts remain stalled, and a top Iranian official warned that Tehran could enrich uranium to 90% purity if bombing resumes. The month-long ceasefire is reportedly on "life support," according to Trump, who called it "unbelievably weak."
Despite his campaign promises to lower prices and end inflation, Trump's decision to go to war has reversed early economic gains. The president remains confident that voters will tolerate temporary hardship if he can curb Iran's nuclear program, though no end to the conflict appears imminent.
