Keep pulling the thread on Donald Trump.
The AI boom contributed almost one percentage point to US GDP in the first half of 2025, serving as a key cushioning factor against the shock from tariffs.
The US has implemented 50% tariffs on steel and aluminum imports.
The CHIPS Act is driving a massive investment boom and expansion of productive capacity for advanced semiconductors in the United States.
A Bloomberg analysis of foreign direct investment commitments to the US found that the credible total amounts to trillions of dollars, even after excluding less likely projects.
Donald Trump's tariff policies have raised hundreds of billions of dollars in new US federal revenues.
The revenue generated from Donald Trump's tariffs has not been sufficient to lower the overall US federal deficit.
The mainstream economic consensus is that Donald Trump's tariff policies have not significantly revived domestic manufacturing in the United States.
Bloomberg Economics accurately predicted that core PCE inflation would reach 3% by the end of the year following the 'Liberation Day' tariff announcements.
Bloomberg Economics calculates that US tariffs could be responsible for a 0.2 to 0.3 percentage point increase in the unemployment rate due to firms absorbing costs and slowing hiring.
The US manufacturing sector has experienced real productivity and output growth for the first time in a long period, reversing previous downward trends.
The US manufacturing sector has lost 80,000 jobs since the beginning of last year.
The US trade deficit as a share of GDP was around 3% in 2024, rose to 4.2% in the first quarter as firms front-ran tariffs, and has since fallen to approximately 2.5%.