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The US Economy in the Background of Changes
- Authors: Supyan V.B.1
-
Affiliations:
- Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
- Issue: No 9 (2025)
- Pages: 5-17
- Section: Economics
- URL: https://rjonco.com/2686-6730/article/view/694118
- DOI: https://doi.org/10.31857/S2686673025090014
- ID: 694118
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Abstract
The article aims to show the current economic situation in the USA as well as new economic policy of President D. Trump's administration. It is shown that the first economic reforms, carried out by Trump's administration, especially in a sphere of foreign trade policy, led to deterioration of general economic situation, including downfall of GDP by 0,3% during first quarter of 2025. It is determined by chaotic steps by Trump's administration in foreign trade policy by imposing increased import tariffs on more then 80 countries. The same time the author came to the conclusion that the USA keep the leading position in comparison with other highly developed countries both in regard to current economic situation and by long-term conditions of economic development. According to different estimations made by leading American economic experts the author concludes that President Trump's economic policy contains a great potential of uncertain trends and will lead to controversial economic and social consequences.
About the authors
V. B. Supyan
Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
Email: vsupyan@iskran.ru
ORCID iD: 0000-0001-8819-3940
Scopus Author ID: 6504331071
Moscow, Russian Federation
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