President Donald Trump has said that stopping Iran from getting nuclear weapons is “the only thing that matters” to him. He criticized America’s financial crisis as inflation hit a three-year high in April.
The comments came before Trump left for Beijing to meet with Chinese President Xi Jinping.
“I’m not thinking about the American economy. I’m not thinking about anybody. I’m thinking about one thing: we can’t allow Iran to have a nuclear weapon. That’s all,” he said.
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Trump Relieves America’s Pain As Inflation Hits 3.8%
The president rejected the idea that the financial crisis is going away The Americans were making their own approach to Iran, telling a reporter, “Not at all” when asked how the story motivated him to make the deal.
BeInCrypto said that In April, the headline Consumer Price Index (CPI) rose to 3.8% year-on-year, above Wall Street’s estimate of 3.7%. Meanwhile, the core CPI jumped to 2.8% on the year, beating expectations of 2.7%.
Energy was the main driver. The energy index jumped 3.8%, accounting for 40% of the headline gain. Oil alone rose 28.4% over the past year.
Of course, the Americans used it separately $37.6 billion in oil since February. The closure of the Strait of Hormuz has increased the world’s prices, raising the cost of transportation and food along with oil.
In addition, the data showed that the food index has increased by 3.2% per year, and Fertilizer prices are a big threat pressure on grocery bills.
The president persisted even though his prices rose. He pushed back when a journalist pressed him on why inflation had risen to a three-year high despite promises to lower rates.
“If you go back to before the war, for the last three months, inflation was at 1.7%. Now, we had a choice. Let these madmen have a nuclear weapon. If you want to do that, then you are a stupid person,” he said.
He added that the end of the war, which he said will come soon, will draw oil Low prices and shipping the stock market, already rising, “through the roof.”
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A note Trump Says Stopping Iran’s Nukes Is ‘The Only Thing That Matters’ As Inflation Hits 3.8% appeared for the first time BeInCrypto.
