Biden made huge investments into infrastructure that were long over due. That caused an increase in demand for raw materials, etc. that helped push inflation. That is good and necessary inflation in that you cannot have economic growth without infrastructure to support the economy. Biden also put a lot of money into green energy/tech and onshoring chip production. That is again good inflation as the investments set the stage for economic growth. And the lion share of inflation that occurred during the Biden admin was due to price gouging after inflationary pressure from COVID supply chain issues. Biden should have intervened and gotten control over the price gouging. That was a big failure on his part. But Trump would have just given the price gouging companies a tax cut and let them dump cyanide in the stream where all the kids go fishing.
Trump's inflation is nothing more than forcing ordinary consumers to bear the cost of his preferred method of trade negotiations. The response from countries like China and pretty soon the EU have cost the US ag industry billions. Economic growth has turned negative and could really get bad if Trump is unable to negotiate deals and goes forward with his worldwide tariffs after his 90 day pause runs out in July (of course we all know he will just do another pause once the markets go parabolic).
And Trump is doing this to an economy that is otherwise in pretty good shape. Trump could have initiated trade negotiations without imposing tariffs and then threatened to impose tariffs at the negotiating table if issues were not resolved. Trump could have made sure that no tariffs were in place on materials like aluminum and steel that will be needed to build out US manufacturing facilities. Trump could have rallied our allies against China's predatory trade practices instead of alienating them so badly that they are all getting closer to China to rally against US tariffs. And the business cycle could have slowed inflation enough to give the Fed a chance to lower interest rates and sustain solid economic growth.
Trump purposefully chose the route that caused the most economic harm to the US because he has surrounded himself with right wing media figures, podcasters, influencers, and his billionaire buddies who are all yes men (and none of them have any experience or expertise in trade negotiations).
