deflation

But “deflation” like the last day of high school?

“Prices will come down and come down dramatically and come down fast,” he added, specifying that deflation — a term he refrained from using himself — would happen across the economy.

What Trump seems to be describing is, instead, deflation.

“Despite efforts, China has grappled with consumer deflation for about a year, presenting a formidable challenge that Beijing has yet to overcome,” said Stephen Innes, managing partner at SPI Asset Management.

“The supply has improved. I think that’s an area where we just haven’t seen much deflation at all, and we will.”