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Trump’s First 100 Days in Second Term Marked by Economic Turmoil and Policy Volatility

Sweeping tariffs, a GDP contraction, and record-low approval ratings define the opening months of Trump's presidency as markets and alliances face uncertainty.

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Workers work on a production line at a factory in Suqian, Jiangsu Province, China April 9, 2025. China Daily via REUTERS/File Photo
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Overview

  • The U.S. economy shrank by 0.3% in Q1 2025, marking the first quarter of negative growth in three years, with economists warning of a potential recession.
  • Trump's sweeping tariffs, including a 145% levy on Chinese goods, have caused market volatility and consumer price increases, with ongoing uncertainty about their long-term implementation.
  • Approval ratings for Trump have fallen to 39–45%, the lowest for a president at the 100-day mark in over 70 years, driven by economic concerns and divisive policies.
  • Military aid to Ukraine, paused earlier in the term, has resumed, but allied trust in U.S. commitments has eroded due to mixed signals on NATO and foreign policy retrenchments.
  • Immigration enforcement has intensified, with deportation levels similar to past administrations, while restrictions on media access have sparked free-press concerns.