page_title: Economic policy of Donald Trump administration
section_title: Statistical summary (Annual)
hierarchical_section_title: Economic policy of Donald Trump administration / Statistical summary (Annual)
caption_attribution_description: English: Chart illustrates nine key economic variables measured annually from 2014-2017. The years 2014-2016 were during President Obama's second term, while 2017 was during President Trump's first term.
context_page_description: The economic policy of the Donald Trump administration is characterized by individual and corporate tax cuts, attempts to repeal the Patient Protection and Affordable Care Act, trade protectionism, immigration restriction, deregulation focused on the energy and financial sectors, and responses to the COVID-19 pandemic.
  A key part of President Trump's economic strategy during his first three years was to boost economic growth via tax cuts and additional spending, both of which significantly increased federal budget deficits. The positive economic situation he inherited from President Obama continued, with a labor market approaching full employment and measures of household income and wealth continuing to improve further into record territory. President Trump also implemented trade protectionism via tariffs, primarily on imports from China, as part of his "America First" strategy. According to the Congressional Budget Office, the number of Americans without health insurance increased under Trump, while his tax cuts were projected to worsen income inequality.
context_section_description: The following table illustrates some of the key economic variables in the last three years of the Obama Administration (2014–2016) and the first three years of the Trump Administration(2017–2019). The arrows indicate whether the variable improved (green) or worsened (red) versus the prior year.
caption: Panel chart illustrates nine key economic variables measured annually from 2014 to 2019. The years 2014–2016 were during President Obama's second term, while 2017–2019 were during President Trump's first term. Refer to citations on detail page.
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