Strategic Council Online – Interview: An analyst of U.S. affairs stated that while Donald Trump promised to revive the U.S. economy and restore the country’s industrial glory upon his return to the White House, the latest economic data indicate otherwise. The unemployment rate, which was 3.8% at the beginning of the new administration, has now risen to 4.3%, and factories and construction companies have laid off thousands of workers. Even revised statistics show that in June of this year alone, 13,000 jobs were lost. These developments highlight the gap between Trump’s campaign promises and the economic reality in the U.S.. This divide has overshadowed not only domestic politics but also the country’s economic and geopolitical future.
At the same time, Trump is attempting to shift pressures outward by leveraging geopolitical tools; an example is his threat to the European Union following the fines imposed on Google, an action many observers see as an effort to shift the agenda from domestic recession to external challenges. The question is whether these policies can pull the U.S. economy out of recession or if their consequences will ultimately spill over into the global economy.