The first 6 months of Trump’s second state .. shocking numbers and deep transformations economy

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The Financial Times said that the first six months of the second term of the American President Donald Trump She represented a stage of violent transformations locally and internationally, after it relied widely on executive orders to overcome control CongressAnd imposing offensive customs policies, launching unprecedented campaigns against federal institutions, and passed tax legislation described as “wonderful, great and beautiful”, amid deep political division.

In a data -supported analysis, the newspaper explained that the Trump administration managed to reconnect the American economic and social policies within a short period, in light of a commercial escalation with the allies, the expansion of mass deportation campaigns, and the leadership of an effort to restructure the administrative apparatus of the state led by Elon Musk.

Markets and dollars … temporary gains and historical decline

According to the Financial Times, the American markets in April witnessed the largest daily decline in stocks in 5 years, after Trump announced the imposition Customs Wide to dozens of countries in what he described as “liberation day”.

Inflation, dollar hyperinflation with black background. One dollar bill is sprayed in the hand of a man on a black background. The concept of decreasing purchasing power, inflation.
The dollar recorded its worst annual performance since 1973, affected by protectionist policies and Trump attacks on the Federal Reserve (Stradstock)

Although markets later recovered and reach record levels, these gains are due, according to the newspaper, to the Trump strategy to postpone the implementation of his customs threats repeatedly, which launched a satirical expression circulating in the financial circles: Taco, that is, Trump Always Chickens Out (Trump is always declining).

As for the US dollar, it recorded its worst performance since 1973, amid warnings that Trump’s economic policies, as well as his repeated attacks on the independence of the federal reserve, are undermined the dollar’s position as a safe haven for foreign investors.

A standard height in arrests and deportations

The newspaper pointed out that the pace of arrests implemented by the American Immigration and Customs Administration has doubled almost during the first month of Trump’s assumption of power, according to the data of the deportation data project at the University of California-Berkeley.

In several days of June, the number of daily arrests exceeded 1,400 cases, compared to only 500 cases per day in the same period of the previous year during the state of Joe Biden.

Despite Trump’s pledges during his campaign to focus on the deportation of immigrants from precedents, official data reveals that a large percentage of detainees do not have criminal records, which raises widespread controversy over human rights violations of collective deportations.

Customs

The Financial Times monitored the average actual customs average in the United States from 2% at the beginning of 2025 to 8.8% by July, based on actual statements of trade.

The customs duties revenue reached 64 billion dollars in the second quarter, an increase of 47 billion dollars over the same period last year, most of them as a result of imposing a 30% tax on imports from China.

And if all declared policies are applied until July 13, including new fees for the European Union and Mexico, the average American customs average may jump to 20.6%, which is the highest percentage since 1910, according to estimates of the budget laboratory at Yale University.

Daily wrap on Congress

The newspaper said that Trump signed 170 executive order between January 20 and mid -July, at a rate of approximately one day, bypassing any contemporary American president. These orders included everything from the commercial “liberation day” policies, to decisions affecting constitutional citizenship, targeting the judiciary, and imposing censorship on legal offices.

This speed in issuing decisions is evidence of an increasing separatist tendency from the American legislative institution, amid a relative silence from the Republican Party.

“The slim federal sector”

The Financial Times highlighted the Trump administration program to reduce the size of the federal government, which was led by a ministry that was established specifically in the name of the “Ministry of Government Efficiency”, under the supervision of Elon Musk until May.

The project guarantees the closure of entire agencies, including the Consumer Protection Authority and America’s voice, and to reduce thousands of jobs in the centers of diseases control, the food and medicine body, and national health institutes.

U.S. Immigrations and Customs (ICE) Homeland Security Investigations (HSI) agents detain two documented immigrants with prior convictions at a Home Depot parking lot in Tucson, Arizona, U.S., January 26, 2025. REUTERS/Rebecca Noble
Daily arrests of irregular migrants exceeded 1,400 cases in June, compared to less than 500 during the reign of Biden (Reuters)

Data published by the researcher Roger Lee indicates that more than 67,000 federal employees have been laid off since the beginning of the year, which makes the federal government the first sector in the country in terms of the number of hairdos, according to Challenger Gray & Christmas, which specializes in employment.

In February, Musk tweeted sarcastically: “We spent the weekend in the introduction of the American Agency for International Development in the wood dignity.”

In a recent report published by The Lancet Medical Patrol, it was estimated that the continuous reduction in health and aid budgets may lead to the death of more than 14 million people by 2030, including 4.5 million children.

In a remarkable development, the United States Supreme Court acknowledged Monday that the federal administration has the right to implement a plan to lay off 1,400 employees from the Ministry of Education, despite severe legal objections, and Judge Sonia Sotomior described it in an opinion contrary to it: “a serious threat to the principle of separating the authorities in the American constitution.”

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