The Economic Consequences of the Second Trump Administration: A Preliminary Assessment

This is the sixth of CEPR’s Rapid Response Economics, a new series which is designed to publish research on major policy issues with the utmost speed.The Economic Consequences of the Second Trump Administration: A Preliminary Assessment delivers a timely, expert analysis of the economic shifts unfolding following President Trump’s return to office. Amid sweeping tariffs, sharp breaks in global alliances, assertions of presidential supremacy, government downsizing, deregulation, and risks to the rule of law, this volume offers thoughtful, evidence-based insights into how these policies may affect growth, trade, investment, inflation, stability, and the role of the dollar.Edited by four leading voices in economics and public policy - Gary Gensler (MIT & former SEC Chair), Nobel laureate Simon Johnson (MIT), Ugo Panizza (Geneva Graduate Institute), and Beatrice Weder di Mauro (President, CEPR) - the book draws on contributions from global experts assessing both domestic and international consequences. Their preliminary assessments are clear: heightened uncertainty, lower economic growth, and risks in the long run to US economic leadership and the multilateral order. Accessible yet deeply informed, this volume is essential reading for anyone seeking to understand how President Trump’s second term is reshaping the economic trajectory of the United States and the rest of the world. Read more