Trump's economic reform: A risky bet on the future of the USA!

Trump's economic reform: A risky bet on the future of the USA!

The current political landscape in the USA shows that Donald Trump has had a significant impact on the country's economy in his second term as president. Through increased government intervention, Trump's policies have moved significantly away from the idealized free market concept once promoted by Adam Smith. Rather, his approach is described as 'hands on' and has led to far-reaching changes in various industries, with the impact of this policy being clearly felt across different sectors. Some industries benefited while others faced challenges, leading to a divided assessment among experts.

With Scott Bessent as the new finance minister, who advocates greater government involvement in the economy, this policy is being pushed further. Bessent has spoken out on government data and interest rates and supports the latest economic policies aimed at regulation and control. These changes have fueled debate about the long-term impact on the U.S. economy, as experts warn that innovation could be hit. In contrast, however, opportunities for more stable economic development are also pointed out.

The election environment and Trump's chances

The memory of Joe Biden's close election in 2020, which he won by just 80,000 votes in Pennsylvania, remains present. At that time, Trump only needed 46,000 additional votes to be re-elected. Recent polls show that he is once again rising to prominence and is closing the gap between voters more than ever before.

Outlook for the future

The future of the US economy under Trump's leadership remains uncertain. Although short-term stability may be possible, it remains to be seen what long-term impact government intervention will have on competitiveness and innovation. The coming months will show whether Trump's approach produces the desired results or whether adjustments are necessary. During this time, attention will remain on both the economic effects and the upcoming elections, which could have a lasting impact on the country's course.

Current developments make it clear that not only Trump's economic strategies, but also his ability to mobilize voters will be a decisive factor in the US political landscape. The next 32 days until election day are crucial for the country and its citizens.

For more details on Trump's influence on the economy, see IT Boltwise and we refer to the current surveys and election prospects Town hall.