Overview
- Speaking to McDonald’s owners in Washington, President Trump said inflation is back to “normal” and declared “prices are coming down.”
- He highlighted tax cuts in his “One Big Beautiful Bill,” including no taxes on tips, overtime and Social Security benefits.
- On Nov. 14, the administration moved to lower grocery costs by removing or reducing tariffs on more than 200 food imports such as beef, bananas, coffee and orange juice.
- Trump urged franchisees to fight minimum wage hikes, as official data show CPI running near 3% year over year and grocery prices up 2.7% with beef roughly 13.5% higher.
- McDonald’s reintroduced $5 and $8 Extra Value Meals to attract cost‑conscious diners, with its CEO warning that low‑income customers are absorbing significant inflation.