Despite loud criticism, Treasury data shows President Trump’s second-term economic policies are having an impact.
Since his January inauguration, public debt has only risen by $37 billion—down 92% from the same period under Biden. While the $5.5 billion reduction is modest, it marks a significant shift in direction.
Trump’s bold actions, including a 10% universal import tariff and steep new taxes on Chinese goods, aim to revive U.S. manufacturing and reduce foreign dependence. He’s also proposed tax hikes on ultra-wealthy Americans and closed loopholes, potentially raising up to $450 billion.
A new U.K. trade deal boosts U.S. exports and strengthens ties with allies. Though critics warn of economic downsides, including possible GDP and wage losses, Trump insists the long-term gains outweigh short-term costs.
Public support appears to be growing—his approval rating is up to 53%, with notable gains among young voters, Democrats, and Black Americans. Business leaders remain optimistic, saying the economy “can win now”—even if it hasn’t fully turned yet.
