The 100th day of President Donald Trump’s second term marks a significant milestone in his economic agenda, which has been met with widespread criticism and uncertainty. The “sell America” trade policy, aimed at boosting manufacturing through tariffs, has led to trillions of dollars in market value wipeout and an uncertain economic outlook.
While the US economy remains relatively stable, with low unemployment and cooling inflation, economists warn that gauging the impact of Trump’s tariffs will be challenging due to consumer spending patterns. The rush of spending to offset price increases may not sustain itself, increasing the likelihood of a recession.
Businesses are paralyzed by uncertainty, and consumer confidence is wavering. A recent CNN poll found 59% of Americans believe Trump’s policies have worsened economic conditions, with 60% saying his tariffs have increased the cost of living in their community. The National polls track other indicators of national mood, showing a decrease in consumer sentiment and inflation expectations.
The US trade war has already led to significant disruptions, including reduced ocean container bookings from China, airline flight cuts, and companies scrapping earnings guidance due to uncertainty around tariffs. As the economy faces increasing recession fears, Trump’s promise of a manufacturing renaissance appears increasingly unlikely, and many are left wondering if the promised “Liberation Day” will materialize.
With estimates suggesting a 57% chance of a US recession and virtually every economic forecaster predicting higher odds than 100 days ago, the economic landscape is becoming increasingly uncertain.
Source: https://edition.cnn.com/2025/04/28/business/how-to-trash-an-economic-superpower-in-100-days/index.html