Inflation Cools Down & Education Department Downsizes | 3.13.25
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What is the main topic of this episode?
Inflation cools even more than economists expected, just as Trump's tariffs go into effect.
The president wants steel and aluminum in America. And let me be clear, nothing's going to stop that until we've got a big, strong, domestic steel and aluminum capability.
How do Americans feel about Trump's strategy on the economy?
I'm Georgia Howe with Daily Wire Editor-in-Chief John Bickley. It's Thursday, March 13th, and this is Morning Wire. Nearly half of the Department of Education has been let go as the president prepares to shutter the agency completely.
We want to bring the schools back to the states because we have the worst education department and education in the world.
And more than a thousand minority religious civilians, including many Christians, have been slaughtered in Syria in a widespread jihadist purge.
Today, we have an Islamist extremist who is now in charge of Syria, who has already begun to persecute and kill and arrest religious minorities like Christians in Syria.
Thanks for waking up with Morning Wire. Stay tuned. We have the news you need to know.
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What is the situation for religious minorities in Syria?
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After years of record price increases, inflation just slowed to its lowest rate in years.
How is inflation affecting everyday prices?
Daily Wire senior editor Cabot Phillips is here to break it down. So Cabot, there were some welcome signs of economic relief recently. What did we learn on Wednesday?
Well, according to the Labor Department's monthly inflation report, the consumer price index, which tracks the general cost of everyday goods, rose 2.8% from the same month last year and just 0.2% from the month before. Both of those numbers were better than expectations and marked the first time in four months that we saw an annual decrease in the consumer price index or inflation. At the same time, core prices saw a 3.1% increase from last year. That is the best number we've seen in nearly four years. Here's White House Press Secretary Caroline Leavitt addressing those numbers Wednesday.
You see the cost of eggs is going down, cost of gasoline is going down because of the massive deregulatory efforts of this president. And also the fact that we are delivering on his promise to drill baby drill already. You saw this past weekend, the National Economic Advisory put out a report that because of the regulations we've already slashed in just 52 days, we've saved American taxpayers $180 billion. That comes out to about $2,000 per American household. That's in 52 days.
Looking through the data, inflation rates on housing saw the most notable cooling. They were up 4.2% from the same month last year, which doesn't sound great, but is actually the smallest yearly increase since 2021. So all that to say inflation is still present. Prices are still going up, just at a significantly slower pace than we saw in recent years.
But there are some warning signs, though, that we're not out of the woods. How are tariffs affecting things?
Right, these numbers do reflect February data that came in before President Trump ratcheted up his trade war with Canada, Mexico, Europe, and China, among others. On Wednesday, 25% tariffs on all steel and aluminum products went into effect. Canada immediately responded with 25% tariffs of their own on more than $20 billion worth of American imports. For their part, the European Union also slapped retaliatory tariffs on nearly $30 billion worth of goods, including home appliances, textiles, and agricultural products. And it's worth noting that list of goods is not random. EU officials told reporters they wanted to target products that primarily came from Republican-led states.
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Chapters
6 chapters
1
What is the main topic of this episode?
0:03–1:43
2
How do Trump's tariffs impact the American economy?
1:43
3
What are the recent changes in the Department of Education?
0:26–1:02
4
What is the situation for religious minorities in Syria?
1:02–2:03
5
How is inflation affecting everyday prices?
2:03–5:27
6
What is the political reaction to Trump's economic strategy?
5:27–14:54
Speakers
11 identifiedMore from Morning Wire
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