The 2025 word for the economy was: uncertainty. Donald Trump’s policies have confused markets and produced shocks in American trade and domestic politics.
“I will immediately begin overhauling our trading system to protect American workers and families. Instead of taxing our citizens to enrich other countries, we will tax other countries to enrich our citizens,” Trump said during his inaugural address in January.
The phrase materialized throughout the first year of his second term. The Republican generated tariff back and forth, which resulted in the expression “ — or “Trump Semper Amarela”, in Portuguese.
before being brought to the current level of 20%. Even so, the United States ends 2025 with the highest tariff level since 1935, at around 16.8%, according to a report by the Budget Lab, at Yale University.
The price was felt in the American’s pocket. Various products, such as .
American fiscal policy was also surrounded by uncertainty. 2025 was the biggest year.
The Trump administration has not found a definitive solution. New clashes over the financing of health programs are expected,
But, in general, the American economy demonstrated resilience and grew 2.3% until the third quarter of this year, a number close to that of 2024. Growth was driven by family consumption and a series of investments in artificial intelligence made by the country’s main companies.
The scenario of economic resilience was repeated in other countries, which adapted to the sudden changes in the scenario at the White House.
and saw member countries like Germany ease fiscal austerity measures to boost the economy. On the other hand, the second largest economy in the block, without a clear sign of resolution.
China remained a major export hub and reached , managing to partially deflect Trump’s trade attacks. Part of this came from a strategy adopted by President Xi Jinping to compensate for weak domestic demand.
For next year, the forecast is for growth similar to that of 2025, according to a report by the IFF (Institute of International Finance). The organization points out that the global economy will continue to adapt to a “new normal”, with higher interest rates, chronic public debts and rapid technological changes.
Finally, the institute highlights that the uncertainty seen in 2025 has become a structural factor in the economic cycle.
