President Donald Trump promoted good news concerning the U.S. economy on Thursday morning.

It was reported early Thursday that household goods and packaged food makers are easing U.S. price increases to avoid losing American shoppers to retailers’ less expensive private-label brands as a global trade war tests the limits of their pricing power at grocery stores.

Also, forecasts suggest gasoline and diesel fuel prices could dip to five-year lows this summer, FarmWeekNow.com reported.

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