Trump’s Broken Promises
4/13/202614 min
April 12, 2026War with Iran has pushed inflation to 3.3% - the fastest rate of growth in almost two years, Energy costs skyrocket as the Strait of Hormuz remains closed, J.D. Vance negotiates with Iran in Pakistan but quickly announces that the negotiators could not reach an agreement, While negotiations were underway in Islamabad, Trump watches a UFC match in Miami, Trump announces a blockade of the Strait of Hormuz, Viktor Orban, championed by MAGA, loses bid for re-election in Hungary, Pope Leo XIV speaks out against the administration’s claim that the war in Iran is a holy war, Trump attacks Pope Leo XIV in response.
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Transcript preview
First 90 secondsHeather Cox Richardson· Host0:00
[outro jingle] April 12th, 2026. By the end of twenty twenty-four, inflation in the US, which had soared in the aftermath of the COVID-19 lockdowns, was almost back to the Federal Reserve's goal of two percent. Even so, during the twenty twenty-four presidential campaign, candidate Donald Trump promised he would bring prices down on day one, beginning with energy prices, thanks to new high tariffs, business deregulation, and tax cuts. It was a year ago today, just ten days after President Donald Trump's Liberation Day tariff announcement, that Trump's Senior Counselor for Trade and Manufacturing, Peter Navarro, told the Fox News Channel that ninety trade deals in ninety days is possible. The boss is going to be the chief negotiator. Nothing's done without him looking very carefully at it. He has such a fine attention to detail. Trump's Liberation Day tore up the free trade principles on which leaders after World War II based the international order that promoted stability and prosperity. In their place, Trump first declared an emergency to take the power to manage tariffs away from Congress, then used that power to elicit favorable treatment for his own businesses or bribes from those who needed the tariffs on their products