Economic policy of the second Trump administration

Under the second presidency of Donald Trump, the federal government of the United States has pursued an economic policy focused on lower taxation, deregulation, and large-scale protective tariffs. Trump nominated Howard Lutnick as the United States secretary of commerce, Scott Bessent as the United States secretary of the treasury, and Russell Vought as the director of the Office of Management and Budget (OMB), all of whom were confirmed by the U.S. Senate. When Donald Trump took office as president in January 2025, the economy of the United States had increasing economic growth, low unemployment, and declining inflation in the aftermath of the 2021–2023 inflation surge.