The presidency of Donald Trump began at noon EST (17:00 UTC) on January 20, 2017, when Donald Trump was inaugurated as the 45th president of the United States, succeeding Barack Obama. A Republican, Trump was a businessman and reality television personality from New York City at the time of his 2016 presidential election victory over Democratic nominee Hillary Clinton. These tariffs adversely affected the U.S. economy. For most of Trump's term until 2020, the economy kept improving, following trends from the Obama presidency. The federal deficit soared under Trump due to spending increases and tax cuts. See also: List of international presidential trips made by Donald Trump. See also: List of international presidential trips made by Donald Trump.
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