Donald Trump began his second term as President of the United States on January 20, 2025, becoming the 47th president. His administration has been marked by significant structural changes within the federal government, primarily driven by the newly established Department of Government Efficiency, under Elon Musk’s leadership. This transition led to the dismissal of hundreds of thousands of federal employees.
Key Economic Indicators of Trump’s Presidency
Since assuming office, Trump has implemented various policies in domestic and economic spheres. He focused on mass deportations and enacted a substantial legislative package that integrated tax cuts with reduced social spending. On the economic front, the administration imposed widespread import tariffs and strongly promoted cryptocurrencies.
- GDP Growth: In recent quarters, the U.S. economy saw a remarkable growth rate of nearly 4% annually.
- Consumer Impact: High consumption levels and better trade balances contributed to this growth.
- Inflation Rate: In December 2025, inflation reached 2.7%, higher than in Poland.
- Unemployment Rate: The unemployment rate stabilized at a low level of 4.4%.
Comparison with European Economy
Evaluating the U.S. economy against Europe reveals notable disparities. The U.S. economy is generally in better shape than its European counterparts. For instance, the average unemployment rate in the EU is 6%, compared to the U.S. rate of 4.4%. Additionally, retail sales grew by 4.2% in the U.S., contrasting with Europe’s 2.3% growth.
Experts suggest that growth in the U.S. reflects a cycle of improvement, not an abrupt change due to Trump’s policies. Ongoing developments in artificial intelligence are seen as significant contributors to economic growth, initiated prior to Trump’s second term. Although Trump’s tariff policies temporarily increased imports as companies prepared for higher costs, they have also been linked to rising inflation.
The Future Economic Landscape Under Trump
Moving forward, experts warn that the coming year may present greater challenges. Trump’s approach has been oriented towards increasing tariffs against major competitors such as China and the European Union. These strategies could lead to higher inflation and potentially lower economic growth in the long term.
- Tax Policies: Mr. Trump introduced the One Big Beautiful Bill Act, aimed at reducing taxes for lower-income individuals.
- Investment Climate: There are ongoing calls for fiscal policies to support economic growth, but proposals remain vague.
- Interest Rates: Trump advocates for deep cuts in interest rates, a proposal generating considerable debate.
While the U.S. economy retains considerable potential in new technologies, it faces significant disparities. Wealth is concentrated in coastal regions, leaving vast inland areas underdeveloped. As Trump’s presidency progresses, maintaining consistent economic growth may prove complex.
Conclusion: As economic forecasts for the U.S. differ from those of Europe, many indicators still favor the American economy. However, long-term stability relies on predictable governance and strategic investment in technology and infrastructure. Trump’s unpredictable political style may pose risks to sustained economic growth. The next year will be critical in determining whether his vision of a “golden era” for the American economy can be realized.
