Donald Trump Dismisses Price Increases—’That’s Peanuts’
May 4, 2025
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Peter Aitken is a Newsweek Politics Editor based in New York. His focus is domestic U.S. politics, but he has experience covering Foreign Affairs, Business and Technology. Peter joined Newsweek in 2024 from Fox News Digital and had previously freelanced at Business Insider. He has interviewed such notable figures as Benjamin Netanyahu, Gen. David H. Petraeus, British Foreign Ministers James Cleverly and Grant Shapps and a ranking member of the Taliban. He graduated from the University of St. Andrews in Scotland, but is New York born and raised. You can get in touch with Peter by emailing p.aitken@newsweek.com. Languages: English.
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Jason Lemon is a Senior Politics Editor at Newsweek based in Brooklyn, New York. Prior to taking on the editor role, Jason’s reporting focused on U.S. politics and international affairs. He joined Newsweek in 2018, and had previously worked as an editor at a Middle Eastern media startup called StepFeed. He also worked a year as a contributor to The Atlanta Journal-Constitution and has bylines in The Christian Science Monitor, The Palm Beach Post, Al Fanar Media and A Magazine. He is a graduate of the American University of Beirut in Lebanon and Andrews University in Michigan. You can get in touch with Jason by emailing j.lemon@newsweek.com. Languages: English, Spanish, French and Levantine Arabic
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President Donald Trump dismissed price increases on common items purchased by consumers in an interview with NBC News’ Meet the Press, saying “that’s peanuts compared to energy.”
Trump made the comment after host Kristen Welker pressed him with how the cost of specific items—including tires, strollers and clothing—have increased “in the wake of your tariffs.”
“That’s peanuts compared to energy,” Trump responded. “Energy is 60 percent of the costs.”
“When you say strollers are going up, what kind of a thing? I’m saying that gasoline is going down. Gasoline is thousands of times more important than a stroller some place,” the president said.
This is a developing story and will be updated with additional information.
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