Economic Policies in US President Donald Trump's Second Term
The economic policies pursued during the second term of the Trump administration combine broad liberalization with harsh tariffs and deep state interventions.
US President Donald Trump's economic policies in his second term draw attention with a complex structure that includes liberalization, tax reforms, harsh tariffs, and state interventions.
Various Aspects of Economic Policies
The economic policies of US President Donald Trump's second term both encourage liberalization to unleash market potential and implement harsh tariffs. The administration experiences difficulties in establishing a fixed economic management philosophy.
Reduction of Bureaucratic Burdens
Officials in the Trump administration aim to reduce bureaucratic burdens by revoking the rules of previous administrations. Competitive Enterprise Institute expert Wayne Crews states that the administration displays values of minimal federal intervention.
Removal of Regulations
In the July-September 2026 period, actions aimed at removing legal barriers have surpassed the number of regulations burdening businesses. It is stated that government officials are revoking existing regulations rather than introducing new ones.
State Interventions and Corporate Partnerships
Alongside the picture of liberalization, concerning interventions such as tariffs, price interventions, and industrial policies are also applied. According to the Cato Institute, the US government became a partner in private businesses in September 2026 by acquiring private equity firms and increasing the number of companies in which it holds shares to 34.
Public View on Economic Models
Despite complex government interventions, the American public's trust in the free market model continues. According to a Gallup poll, 55 percent of Americans prefer capitalism, while close to 50 percent approach socialism positively.