"The U.S. economy seems immune to the turbulence created by Donald Trump. The first year of his second term in the White House has been fraught with upheaval due to his eagerness to impose a headlong agenda with a marked protectionist approach. Businesses are now inoculated against the vertigo and the uncertainty surrounding the Republican president. Since winning the election against Democrat Kamala Harris exactly one year ago, he has changed the world trade order in one fell swoop;"
"he has disrupted global supply chains, passed a law that he dubbed Big and Beautiful containing massive tax cuts for corporations, reduced public spending with the help of Elon Musk, laid off thousands of civil servants, championed cryptocurrencies, pressured multinationals to invest in the U.S., tightened immigration controls to unprecedented levels, and launched a campaign of harassment against the Chairman of the Federal Reserve in an attempt to further lower interest rates,"
A year into his second term, Donald Trump has pursued aggressive protectionist and domestic policies that reshaped trade, supply chains, taxation, public spending, immigration, and regulatory pressure. Measures include disrupting global supply chains, passing the 'Big and Beautiful' law with massive corporate tax cuts, reducing public spending with private-sector involvement, laying off thousands of civil servants, and championing cryptocurrencies. He also pressured multinationals to invest in the U.S. and launched a campaign against the Federal Reserve chair in an effort to lower interest rates. Despite these upheavals, major macro indicators remain strong, though risks such as an AI-fueled stock bubble and rising inequality persist.
Read at english.elpais.com
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