Decades of conventional economic practices have failed millions of Americans, Donald Trump claims, as he returns to the White House, pledging to transform the status quo. However, the specifics of how his administration plans to make America great again shift daily.
Trump’s alternative economic model, which he unveiled this week as a key milestone of his second term, includes his first major trade deal since returning to office, following quick negotiations with the UK. Firms worldwide are struggling to keep up with the rapid changes in presidential policies, which can be announced, adjusted, and dropped as quickly as the president can post on social media.
The uncertainty of Trump’s position on everything from tariffs on strollers and baby products to support for Hollywood demonstrates this instability. Initially emphasizing that the price of fuel is “thousands of times more important than a stroller”, the administration soon considered potential tariff exemptions for childcare and baby products. Similarly, after expressing concern over the decline of Hollywood and proposing 100% tariffs on foreign movies, the White House later clarified that no final decisions had been made.
Trump has also wavered on trade deals, first insisting on their importance and then stating that tariffs are a “much bigger” focus, suggesting the US will demand concessions from trading partners or face sweeping tariffs. The administration’s stance on China has also shifted, with Trump contemplating a drastic reduction in tariffs after initially advocating for aggressive measures against the country.
Despite these shifts, Trump’s approach has sparked mixed reactions. While some praise his efforts to reshape economic policies, others criticize the lack of consistency and clarity. As the situation continues to evolve, how Trump’s vision will be implemented remains uncertain.
Source: https://www.theguardian.com/us-news/2025/may/10/trump-tariffs-trade-policy-reversals
