President Donald Trump‘s latest economic overture to voters mirrors former President Joe Biden‘s messaging spin, which largely failed to resonate with the public and led to significant Democratic losses in the 2022 midterm and 2024 general election cycles.

On the campaign trail, Trump vowed to reverse inflation and lower prices across the board immediately upon entering office. And while prices have started to recede from the post-COVID highs of the past four years, the president’s tariffs, fully implemented as of last month, risk new inflationary spikes through the end of the year.