How Donald Trump’s economic policies, including uncertainty around tariffs, are damaging the US economy

Photo: The United States Capitol Building, Washington DC, USA. Photo credit: Romain Pontida via Flickr. CC BY-SA 2.0. Article by John Whittaker. The Conversation – July 4, 2025.

Donald Trump set a deadline of July 9 2025 for trade deals to be made before he hits some of the world’s biggest economies with his controversial tariffs. It’s impossible to predict what will happen on the day, but it is already clear that his economic policies are damaging American interests. Just look at the state of US government debt for example. Currently it stands at US$36 trillion (£26 trillion). And with total economic output (GDP) worth US$29 trillion per year, that debt is 123% of GDP, the highest it has been since 1946. […]

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