donald trump

Donald Trump made several significant economic decisions during his tenure as the 45th President of the United States, which spanned from January 20, 2017, to January 20, 2021. Some of his notable economic decisions included:

Tax Cuts and Jobs Act (2017): One of Trump's major economic achievements was the passage of the Tax Cuts and Jobs Act in December 2017. This legislation aimed to reduce individual and corporate tax rates, simplify the tax code, and encourage economic growth. The act lowered the corporate tax rate from 35% to 21% and made changes to individual tax brackets, doubling the standard deduction while eliminating or capping some deductions.

Trade Policies: Trump's approach to trade was characterized by a more protectionist stance. He imposed tariffs on a range of goods from countries like China, Canada, Mexico, and the European Union, citing concerns about trade imbalances, intellectual property theft, and unfair trade practices. These tariffs sparked trade tensions and retaliatory measures from other countries, raising concerns about the potential negative impact on global economic growth.

Deregulation Efforts: The Trump administration pursued a policy of deregulation with the aim of reducing the regulatory burden on businesses. Trump claimed that these efforts would promote economic growth by freeing businesses from bureaucratic constraints. The administration sought to roll back regulations across various sectors, including finance, energy, and environmental protection