US economy under Donald Trump in five charts
A nervous US electorate is heading to polling stations across the country for Tuesday's midterm elections , and their personal finances could determine which way control in Congress swings. Recent polling suggests President Donald Trump 's shifting tariff policies, war with Iran and overall handling of the economy will be major issues this week for voters, who say they have been affected by…
The US economy during Donald Trump's presidency, as shown in five key charts, reveals significant economic challenges and resilience. A major concern for voters heading into the midterm elections is the cost of living, with 47% approving of Trump's handling of the issue and only 17% approving of his overall handling of the economy.
High petrol prices, driven by US tariffs on imports and the Iran war, have been a key factor in the cost of living, with 81% of Americans believing they have worsened their cost of living. Despite these challenges, consumer spending rose at a 3.4% pace in the third quarter of 2025, indicating the economy's resilience amid the energy price shock.
However, inflation has remained a concern, easing from a peak of 9.1% in 2022 to 3% when Trump began his second term. Recent inflation has picked up again, mainly due to surging energy prices. The Federal Reserve, in its easing cycle, has begun a new tightening cycle, which has affected mortgage rates and housing market conditions.
Major indices, led by the Magnificent Seven, have surged, but concerns over AI investment and other factors persist.
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