During a cabinet meeting on Wednesday, President Donald Trump acknowledged that Americans don’t like high prices.
“We have to get the prices down,” Trump told reporters. “The prices of eggs and various other things. Eggs are a disaster.”
Part of his administration’s solution to the high price of eggs? More imports. As part of a $1 billion plan to combat the bird flu, the U.S. Department of Agriculture (USDA) announced this week that it would seek to expand imports of eggs, The Wall Street Journal reports.
The U.S. is a major global supplier of eggs, so reversing those supply chains is not easy (and eggs are perishable goods, which makes it more difficult), but the maneuver is evidence that at least some members of the Trump administration grasp that prices are the result of supply and demand. A sudden constraint on supply—in this case, the bird flu—has pushed prices higher, and finding alternative suppliers might help ease the pain.
Read the full text here