President Donald Trump said stopping Iran from getting a nuclear weapon is the “only thing that matters” to him. He dismissed Americans’ financial strain as inflation hit a three-year high in April.

The comments came before Trump departed for a high-stakes trip to Beijing to meet Chinese President Xi Jinping.

“I don’t think about Americans’ financial situation. I don’t think about anybody. I think about one thing: we cannot let Iran have a nuclear weapon. That’s all,” he said.

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President Trump said he doesn't think about Americans' financial situations as he negotiates with Iran, "not even a little bit," as he took questions from reporters before leaving for China.

"The only thing that matters when I'm talking about Iran, they can't have a nuclear… pic.twitter.com/Yb2ErKl8t2

The president brushed off the notion that the economic toll on Americans was shaping his approach to Iran, telling a reporter, “Not even a little bit” when asked how much the issue motivated him to make a deal.

BeInCrypto reported that in April, the headline Consumer Price Index (CPI) rose to 3.8% year-over-year, above Wall Street estimates of 3.7%. Meanwhile, core CPI jumped to 2.8% year-over-year, beating expectations of 2.7%.

Energy was a key driver. The energy index jumped 3.8%, accounting for over 40% of the headline gain. Gasoline alone rose 28.4% over the past year. 

Notably, Americans have separately spent an extra $37.6 billion on fuel since February. The Strait of Hormuz closure has rippled through global supply chains, lifting transportation and food costs alongside gasoline.

Moreover, the data showed that the food index has risen 3.2% annually, with fertilizer costs threatening further pressure on grocery bills.

The president held firm despite the price pressure. He pushed back sharply after a reporter pressed him on why inflation had climbed to a three-year high despite his pledge to lower prices.

“If you go back to just before the war, for the last three months, inflation was at 1.7%. Now, we had a choice. Let these lunatics have a nuclear weapon. If you want to do that, then you’re a stupid person,” he said.

He added that an end to the war, which he suggested would come soon, would pull oil prices lower and send the stock market, already at record highs, “through the roof.”

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The post Trump Says Stopping Iran’s Nukes Is “Only Thing That Matters” as Inflation Hits 3.8% appeared first on BeInCrypto.

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