Inflation, tariffs and a voter revolt: The midterm verdict on Trump's economy

Trump was publicly humbled by inflation in Tuesday's midterm elections, with Republicans suffering losses in House, Senate and gubernatorial races

About two-thirds of voters said Trump's own policies had fueled inflation, compared to about half of 2022 voters blaming Biden

Consumer prices are up 3.7% over the past 12 months, compared to 3% when Trump began his second term

The Supreme Court earlier this year ruled that hundreds of billions of dollars in tariffs imposed by Trump were illegal

last year: Prices began climbing with Trump's rash of tariffs · February: Energy costs spiked after Trump launched a war with Iran · Oct. 19 to Nov. 3: The AP Voter Poll survey was conducted · Tuesday: Midterm elections produced heavy Republican losses · Wednesday: Trump commented to reporters on the Iran war's effect on gas prices; stocks rose on Democratic wins

3.7% inflation rate · 3% inflation rate · ~100,000 voters surveyed · 4.2% unemployment rate · 10% S&P 500 gain