Economy under President Trump
The stock market has fallen 15% since President Trump took office – the worst performance since President Bush. https://www.axios.com/2025/04/08/trump-stock-market-tariffs-bush That’s your retirement, your college savings, or your savings to invest in expanding your small business.
The value of the dollar has fallen by over 10% since President Trump took office. https://www.cnbc.com/2025/04/21/us-dollar-falls-to-three-year-low-as-trumps-powell-threats-further-dent-investor-confidence.html That impacts the cost of your vacation to Europe or elsewhere, the cost of any goods imported from another country.
Trump has raised tariffs between 10%, 25% and 150%, depending on the country, the type of good, and his general mood. https://www.pbs.org/newshour/economy/a-timeline-of-trumps-tariff-actions-so-far That increases the cost of your new car, your clothes, your electronics, or just about anything else you buy. Keep an eye on the exemptions and also on the insider trading of Trump’s friends with local knowledge.
The forecasts now predict US growth rates for 2025 will be cut in half due to Trump’s tariff policies. https://www.cnbc.com/2025/04/22/imf-slashes-us-growth-forecast-by-nearly-one-percentage-point.html Trump policies increased the odds of a US recession in 2025 to 60%. https://www.jpmorgan.com/insights/global-research/economy/recession-probability The US economy will be hit the hardest by and suffer the most from the impacts of the Trump tariffs. https://www.bbc.com/news/articles/czx415erwkwo These are all self-inflicted wounds from a President with six prior business bankruptcies to his name.