Trump heads to Detroit to give a speech refocusing on the American economy

"It will be Trump's first domestic trip since a slew of international news capturing Venezuelan leader Nicolas Maduro; threatening military action against Iran after rising protests; threatening to seize Greenland; trying to move forward in the Gaza peace deal; ongoing negotiations to end the Russia-Ukraine war has been the president's main focus for weeks. But in the U.S., even a majority of the president's own supporters remain increasingly concerned about high costs and affordability."

"It's an issue that was critical for Democrats' successes in the 2025 elections in Virginia and New Jersey and expected to remain top of mind for midterm elections later this year. Last month, Trump's approval rating on the economy hit a new low of 36%, according to a NPR/PBS/Marist poll. The poll showed voters feel like they are struggling to make ends meet and are most concerned about high costs."

"The president addressed his economic agenda in an address from the Oval Office in mid-December and said his administration was "making progress" on lowering costs but "it's not done yet." In recent weeks, the White House has been touting lower gas prices and a dip in mortgage rates as economic wins. The president also shared that he'll address a plan for more affordable housing during a trip to Davos, Switzerland, next week and said he intends to cap credit card interest rates at 10%."

President Trump is traveling to Michigan to highlight economic issues, speaking at the Detroit Economic Club and visiting a Dearborn F-150 plant. The trip marks his first domestic visit after weeks focused on multiple international crises. Voter concern about high costs and affordability has risen, including among his supporters, and may influence the November midterm elections. Polling shows Trump's economic approval at 36% and many voters report struggling to make ends meet. The White House emphasizes recent lower gas prices and decreasing mortgage rates, and the president plans to propose affordable housing measures and a temporary cap on credit card interest.

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