Under the 47th U.S. presidency, the country sees a blend of continuity and change in its economic & trade policies. While the GDP growth stands at approximately 2.4% in Q2 2025, the unemployment rate has fallen to 4.1%. President Trump’s aggressive tariff regime has led to significant trade achievements, such as reducing import duties with Japan to 15%, but has also escalated tensions with Canada and Mexico, resulting in 25% tariffs. Internationally, the aggressive U.S. trade policies have triggered reactions such as an European boycott of U.S. goods and travel warnings. The future effects of these initiatives on the global economic slowdown remain uncertain. Stay updated through regular web searches post-2024 to confirm the latest developments.

The article discusses the economic policies and international outlook of the 2025 US Administration led by President Donald Trump and Vice President J.D. Vance. The administration’s policies have led to a GDP growth of 2.4% and an unemployment rate of 4.1%. Despite a court ruling against tariffs imposed under the IEEPA, the administration continues to implement aggressive tariffs which have repercussions for consumers and businesses. Changes in international relationships, including disputes with China, the EU, Canada, and Mexico, are also covered in the report. However, despite potential global economic slowdowns, negotiations with countries like the UK and Pakistan show promise. While current economic indicators appear positive, future policy impacts and implications are still developing.

The 47th U.S. presidency, led by President Donald Trump in his second non-consecutive term and Vice President J.D. Vance, has implemented aggressive economic and trade policies that have sparked worldwide debate but also seen an overall GDP growth. Despite a minor contraction in Q1, a 2.4% GDP growth was observed in Q2 while unemployment stayed low at 4.1%. The treasury reports significant milestones, including a surge in tariff revenues to $200 billion in FY2025 and a blue-collar wage growth of around 1.7%.

Trump’s stringent tariff regime has strained trade relations with many countries, including China, EU, Canada, and Mexico, generating baseline rates of 15–50%. Nevertheless, successful negotiations with Japan saw a decrease in import duties to around 15%, inciting a market rally on a deal valued around $550 billion investments. However, concerns are growing around a global slowdown predicted by the OECD and rising trade uncertainties notably witnessed in the UK. Despite these challenges, the Trump administration’s economic policies, although aggressive, are driving significant domestic growth – an impact that will continue to shape the global economic landscape.

Donald J. Trump and Vice President J.D. Vance lead the United States as of January 2025. Economic indicators show a 2.4% GDP growth rate in Q2 2025, following a slight contraction in Q1. The unemployment rate is around 4.1%, with an inflation rate between 2.7% and 2.9%. Trump’s administration is characterized by an aggressive tariff regime, imposing tariffs as high as 50% on various nations. The OECD forecasts a growth rate of 1.6%-1.7% and an inflation rate of about 3.9% by year-end, arguing that the tariff policy and related trade tensions are fueling global economic uncertainty. Tensions are also high on the international front with ongoing trade wars and a global slowdown forecast. These economic policies have increased domestic household expenses and hindered global trade relations. The implications of these policy changes on the global economy remain uncertain.