Business · Economy · 11 hrs ago
US growth slows as Trump’s economic strategy falls short of promises
Trump’s economic strategy has not delivered the gains he promised for the United States, according to the figures discussed.
His plan aimed to revive manufacturing and reduce reliance on imports through higher tariffs, more domestic energy production, lower taxes and spending, and restrictions on migration.
Average tariffs rose sharply, while irregular migration was nearly halted and limits on fossil-fuel production were removed.
But cuts to government spending and staffing were modest.
US economic growth slowed from an average of 2.75% in 2022-24 to a projected 2.25% in 2025-26, according to the International Monetary Fund.
The current-account deficit barely changed, from 4.0% of GDP in 2024 to a forecast 3.9% in 2026, despite the tariff measures.
The article says the economy could improve if Trump brings the war in Iran to an end, but gives no further details about what happens next.
The US economy grew more slowly in 2025-26 than in 2022-24, despite President Donald Trump’s strategy to boost growth.
The International Monetary Fund forecast average real GDP growth of 2.25% in 2025-26, down from 2.75% in 2022-24.
The current-account deficit was nearly unchanged, at 4.0% of GDP in 2024 and 3.9% in 2026, according to the IMF.
The article says tariffs rose, irregular immigration was nearly halted and restrictions on fossil-fuel production were removed, but results fell short of the strategy’s promises.
The article says the economy could improve if Trump brought the war in Iran to an end.
- Who
- The US economy under President Donald Trump.
- What
- Economic growth slowed, and the article says results fell short of Trump’s economic promises.
- When
- The article compares 2022-24 with 2025-26. It was published on November 8, 2026.
- Where
- The United States.
- Why
- The article says Trump’s economic strategy did not produce the promised improvements; it does not state a specific cause for the slower growth.
This story does not have two clearly opposing sides.
US real GDP grew at an average annual rate of 2.75%.
The current-account deficit was 4.0% of GDP.
The IMF forecast average annual real GDP growth of 2.25%.
The IMF put the current-account deficit at 3.9% of GDP.
- GDP growth, 2022-24
- 2.75% average annual real growth
- GDP growth, 2025-26
- 2.25% average annual real growth forecast by the IMF
- Current-account deficit, 2024
- 4.0% of GDP
- Current-account deficit, 2026
- 3.9% of GDP, according to the IMF
- Average tariff rate
- Rose from 2%-3% to 13.5%
- Publication date
- November 8, 2026
What people are saying
no economic collapse, but no improvement on the various fronts
It’s the economy, stupid