US Economy Hits New Highs Under Trump’s Leadership

US stocks hit fresh record highs every day, and jobs are being created at a faster-than-expected pace. A new budget, dubbed the “big beautiful bill,” has been passed by Congress, extending tax cuts from the first term while introducing measures to boost output.

Donald Trump’s second term has gotten off to a rocky start, but recent weeks have shown significant improvement. The economy is proving stronger than expected, with over 147,000 new jobs created in the last month. This has sparked hopes that growth remains resilient.

A key factor behind this turnaround is the “big beautiful bill,” which aims to increase tax-free tips and overtime work. Although some critics argue it may exacerbate the deficit, most agree it should help boost economic output.

Additionally, Trump’s tariffs have started to make sense. While some were initially high, many have been negotiated down to manageable levels. The US trade deficit is also falling, shrinking by $61 billion in April – the largest decline on record.

The contrast with Europe remains stark, however. The UK and France face grim economic prospects, while Germany’s economy is expected to remain flat this year. Meanwhile, the US is experiencing strong growth, thanks to its self-sufficient energy sector and robust tech industry.

American exceptionalism remains strong, driven by entrepreneurial vigor and investment in renewable energy. Trump has proved his doubters wrong, and it appears that his second term will be just as successful as the first.

Source: https://www.telegraph.co.uk/business/2025/07/04/trump-has-proved-his-doubters-wrong