The U.S. Senate Committee on Banking, Housing, and Urban Affairs published a statement from Ranking Member Senator Elizabeth Warren arguing that President Donald Trump’s policies are increasing household costs rather than lowering them. Warren said earlier tariff measures had already pushed prices higher and that the conflict with Iran was adding further pressure, particularly through gasoline prices. In the statement, Warren said Americans have paid USD 25 billion more for gas since the start of Trump’s war with Iran. She also cited April data showing families paid more for essentials including food, housing, and electricity, and said inflation outpaced wage growth in April, reducing households’ purchasing power.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-05-12
U.S. Senate Committee on Banking, Housing, and Urban Affairs releases Warren statement linking Trump tariffs and Iran conflict to higher costs and USD 25 billion in extra gas spending
The U.S. Senate Committee on Banking, Housing, and Urban Affairs published a statement from Ranking Member Senator Elizabeth Warren arguing that President Donald Trump’s policies are raising household costs rather than lowering them. Warren cited earlier tariffs and the conflict with Iran as drivers of higher prices, stating Americans have paid USD 25 billion more for gasoline and that April data show essentials such as food, housing, and electricity rising faster than wages.