Trumponomics

"Trumponomics" generally refers to the economic policies of the Donald Trump administration, characterized by elements such as:

• Tax Cuts: Significant individual and corporate tax cuts were a core component.
• Trade Protectionism: This involved implementing tariffs on imports, particularly from countries like China, with the aim of discouraging imports and boosting domestic manufacturing.
• Deregulation: Focus was placed on deregulating sectors like energy and finance.
• Government Debt: Under Trumponomics, the federal government's debt was projected to rise significantly due to tax cuts and unlikely spending cuts.
• Market Reactions: Initial market responses to Trumponomics included a rally in the dollar, a sell-off in US bonds (leading to higher yields), and a jump in equities.