The outcome of the first 100 days of Trump’s return

The American newspaper “USA Today” monitored the suffering of the Americans during the first 100 days of President Donald Trump’s rule, noting that the economic decline was the worst in years. The newspaper considered that Trump failed to support the internal front, in addition to the exacerbation of international crises as a result of the imposition of customs duties.

The suffering of the American working class

For more than twenty years, many women working with their husbands have struggled to pay bills and meet the needs of their families, despite the succession of democratic and Republican presidents. However, they stressed that life during the Trump era has become more difficult than ever, despite his promises to achieve a rapid economic shift.
Some of them said: “We were hoping this year that this year would witness a fundamental change for the better, but we feel as though the darkness is on us and we are still in April.”
Also read: “Morgan Stanley”: America is the most affected by Trump customs definitions

100 days of economic stalemate

After about 100 days have passed since Trump’s swift oath for the second time, consumer and companies began to decline due to wide discounts in federal jobs, sharp fluctuations in the stock market, and sudden customs duties.

Economists’ expectations: The recession is waving on the horizon

Senior economists expect that the United States will enter into a stagnation soon, with the high costs of gas and groceries continued, and the accumulation of credit card debts and car installments on millions of Americans, which may lead to a wide global bounce if the situation worsens.

Customs fees exacerbate crises

The customs duties imposed by Trump led to an economic uncertainty, as some companies have uploaded additional costs on consumers who rushed to buy goods before their prices were high, according to the “GB Morgan” analysts.
Also read: How does Donald Trump’s return to the White House affect the global economy?

Electoral promises have not been fulfilled

During his electoral battle against former President Joe Biden and then his deputy Kamala Harris, Trump promised to make major changes to the American economy. Under the pressure of the threats of fees, major companies such as “Apple”, “Johnson & Johnson” and “Abbot Laporatoreries” announced hundreds of billions of dollars in new factories to produce cars, computer and medicine chips.

The stock market has declined since Trump took over

The American stock market has witnessed a decrease of about 9% since Trump took office, which led to billions of dollars in retirement accounts, despite the continued support of his supporters.
During his election campaign, Trump also promised to end inflation on the first day, reduce energy bills in half in a year and a half, in addition to reducing food prices immediately.
“When I win, I will reduce prices immediately,” Trump said.

A former popular belief in Trump’s economic superiority

In interviews conducted by USA Today with hundreds of voters last year, most of Trump’s supporters expressed their conviction that it will be the best for the economy, expecting to rise wages, low prices and provide affordable housing.

Inflation is partially declining

The inflation recorded a slight slowdown in March, with an increase of 2.4% compared to 2.8% in February, according to the work statistics office, thanks to the decline in gasoline prices by 10% and the decline in travel costs, but it is threatened to increase again and strongly due to the trade war led by the American President.

Gasoline prices rise despite promises

Trump promised during his campaign to reduce gasoline prices to less than two dollars for a gallon, but the average price in mid -April amounted to $ 3.22, up from $ 3.08 in March, according to the American Automobile Association.

Decreased confidence in the Trump administration of the economy

A new survey of the Pew Research Center has shown a decline in Americans’ confidence in Trump’s ability to manage the economy. While 59% expressed their confidence last November, this percentage decreased to only 45%, while 54% said that their trust has become small or non -existent.

Financial burden on American families

The Yale University Budget Laboratory expected that the average family will pay an additional 3800 dollars this year due to the customs duties imposed by Trump, especially those that affected food and clothes.
The shake of the stock market, car prices and homes also increased and slowed down the grocery costs from the burdens, amid the rise in the collective debt of American families to more than 18 trillion dollars.