**Breaking News: Trump’s Economic Claims Under Fire as Inflation and Trade Deficits Soar**

In a stunning rebuke to President Trump’s recent claims about the economy, expert analysis reveals a starkly different reality. During an interview on *Meet the Press*, Trump touted falling prices for gas and groceries, insisting he had successfully curbed inflation. However, Steve Ratner, a prominent economic analyst, dismantled these assertions, revealing that inflation continues to rise under Trump’s administration, with consumer prices climbing by 0.6% in just three months.

Ratner pointed out that while Trump claims gas prices are down due to increased drilling, the truth is more complex: OPEC’s oil production and fears of a weakening economy are behind the price drops. “Drill 𝑏𝑎𝑏𝑦, drill” has not spurred the surge in drilling activity Trump suggests; instead, it’s a façade masking deeper economic issues.

Moreover, Trump’s assertion that the U.S. is losing $5 billion daily in trade deficits under Biden was also debunked. Ratner clarified that trade deficits are not a straightforward loss but rather a complex exchange of goods. The reality is that the trade deficit is widening, contradicting Trump’s narrative.

As Trump dismisses rising economic uncertainty as “fake news,” Ratner cites a growing index of economic anxiety and numerous companies withdrawing earnings guidance due to unpredictability. This paints a troubling picture of an economy on the brink, with the potential for severe fiscal damage looming as Congress debates a massive tax bill.

The Federal Reserve remains on high alert, holding interest rates steady while warning of inflationary pressures from tariffs. As the economic landscape shifts dramatically, the public and policymakers alike are left grappling with the implications of Trump’s misleading claims. This is a critical moment that demands attention as the nation navigates these turbulent economic waters.