Unemployment remains low, consumer spending is strong, and inflation is gradually improving as President Trump's first year back in the White House concludes, presenting an economic landscape largely similar to the one he inherited. Despite initial fears, tariffs, a key component of Trump's economic agenda, have neither triggered a manufacturing boom nor caused a significant surge in inflation. The stock market experienced a 16 percent gain over the year, described by analysts as solid but not spectacular.

Analysts who at the start of 2025 expressed concerns about economic uncertainty ended the year by highlighting the U.S. economy's unexpected resilience. However, experts caution against dismissing the potential long-term impact of Trump's policies.

In contrast to his first term, Trump's second term has seen a more aggressive approach toward institutions and policies traditionally viewed as cornerstones of American economic strength by both Democrats and Republicans. This includes attempts to weaken the independence of the Federal Reserve and the dismissal of the Bureau head.

The U.S. economy's resilience in the face of these challenges has surprised some observers. However, the long-term consequences of these actions remain uncertain, and economists are closely monitoring key indicators such as inflation, employment rates, and investment trends to assess the lasting impact of Trump's policies.