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Home / News / Economic reality check: Donald Trump’s first 100 days – Counting the Cost

Economic reality check: Donald Trump’s first 100 days – Counting the Cost

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After one hundred days of steering the world’s biggest economy, there is some evidence to suggest that US President Donald Trump is having to adapt to economic reality.

Trump has said in a tweet that the 100 days milestone is a ridiculous standard. But analysts and journalists look at the first 100 days because this is usually the best time for a president to push through new legislation.

So what has actually happened over the past three months?

On the eve of the 100 day deadline, Trump announced what he described as the biggest tax cuts in US history. But he didn’t say how he would pay for them. His administration says the plan will simplify the US Tax system by reducing the number of tax brackets and cutting the corporate tax rate by more than half. Diane Eastabrook reports from Washington, DC.
What about the other big campaign promises?

Trump vowed to get rid of bad trade deals, as evidenced by his pulling out of the Trans-Pacific Partnership (TPP) agreement. But since then his tone has softened.

At the president’s summit with China’s Xi Jinping, the two leaders seemed eager to avoid a trade war. Trump also decided not to formally label China as a currency manipulator.

Similarly, he’s decided not to pull out of the North American Free Trade Agreement (NAFTA) but instead, he wants to negotiate with Mexico and Canada.

So what about building a wall and getting Mexico to pay for it? Democrats say they won’t authorise funding for it. So Trump didn’t force a government shutdown over it.

Commenting on where Trump stands on global free trade, Fredrik Erixon, Director of the European Centre for International Political Economy (ECIPE) says “what we’ve seen is an administration on a steep learning curve in terms of trade policy and what they actually can do.”

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