{"id":1053651,"date":"2025-06-20T12:49:00","date_gmt":"2025-06-20T16:49:00","guid":{"rendered":"https:\/\/democrats.org\/?p=1053651"},"modified":"2025-06-22T20:50:28","modified_gmt":"2025-06-23T00:50:28","slug":"trumps-reckless-agenda-spirals-u-s-toward-economic-downturn","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/trumps-reckless-agenda-spirals-u-s-toward-economic-downturn\/","title":{"rendered":"Trump\u2019s Reckless Agenda Spirals U.S. Toward Economic Downturn"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" height=\"449\" width=\"1024\" src=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" alt=\"\" class=\"wp-image-1050776\" srcset=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png 1101w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=300,132 300w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=768,337 768w, https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?resize=1024,449 1024w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>While Donald Trump drags the economy toward an economic downturn, the Federal Reserve <a href=\"https:\/\/x.com\/acyn\/status\/1935406949799281026?s=46\">warns<\/a> that Trump\u2019s billionaire-first agenda is raising prices and slowing economic growth. Thanks to the Trump administration\u2019s out-of-touch agenda, jobless claims have skyrocketed to an <a href=\"https:\/\/www.reuters.com\/world\/us\/us-weekly-jobless-claims-fall-still-elevated-2025-06-18\/\">eight-month high<\/a>, and CEO economic outlook has sunk to a <a href=\"https:\/\/www.axios.com\/2025\/06\/18\/trump-tariffs-ceo-economic-outlook\">five-year low<\/a>. The American people are fed up \u2014 an overwhelming majority disapprove of Trump\u2019s handling of <a href=\"https:\/\/static.foxnews.com\/foxnews.com\/content\/uploads\/2025\/06\/fox_june-13-16-2025_national_topline_june-18-release.pdf\">inflation<\/a> and the <a href=\"https:\/\/navigatorresearch.org\/americans-disapprove-of-trump-and-his-handling-of-the-economy\/?emci=9d4a7cc3-c64b-f011-8f7c-6045bdfe8e9c&amp;emdi=f59176ee-284c-f011-8f7c-6045bdfe8e9c&amp;ceid=1591425\">economy<\/a>.&nbsp;<\/p>\n\n\n\n<p><em>Here\u2019s a look at the latest ways Trump\u2019s economic agenda is hurting Americans:&nbsp;<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.axios.com\/2025\/06\/18\/trump-tariffs-ceo-economic-outlook\"><strong>Axios<\/strong><\/a><strong>: \u201cCEO economic outlook sinks to five-year low\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cEconomic sentiment among America\u2019s top CEOs plunged to the lowest level since 2020, according to a new survey by the Business Roundtable, first seen by Axios.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe employment subindex plummeted by almost 19 points, with more than <strong>40% of CEOs expecting to shrink their workforces in the next six months<\/strong> \u2014 up from the roughly 30% who said the same last quarter.\u201d<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/navigatorresearch.org\/americans-disapprove-of-trump-and-his-handling-of-the-economy\/?emci=9d4a7cc3-c64b-f011-8f7c-6045bdfe8e9c&amp;emdi=f59176ee-284c-f011-8f7c-6045bdfe8e9c&amp;ceid=1591425\"><strong>Navigator<\/strong><\/a><strong>: \u201cAmericans Continue to Disapprove of Trump and His Handling of the Economy\u201d&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201c[Americans] disapprove of [Trump\u2019s] handling of the economy (41 percent approve \u2013 57 percent disapprove).\u201d\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201c<strong>Among independents, both the President\u2019s overall approval and economic approval are underwater by more than 30 points<\/strong> (overall; 28 percent approve \u2013 63 percent disapprove, economic; 27 percent approve \u2013 63 percent disapprove), the lowest it\u2019s been since his inauguration in January\u201d\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cLess than a third of Americans express favorability towards tariffs (28 percent), and opposition to Trump\u2019s tariff plan continues to grow, increasing from 52 percent to 57 percent since March.\u201d\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u201c70 percent of Americans rate today\u2019s economy negatively and a majority say it\u2019s only going to get worse (54 percent)<\/strong>.\u201d<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.economist.com\/interactive\/trump-approval-tracker\"><strong>The Economist<\/strong><\/a><strong>: \u201c151 days into Donald Trump\u2019s term\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe president&#8217;s net approval rating is -12%, down 3.3 points since last week.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cNet approval rating by state \u2026 Wisconsin -12.6% \u2026 Michigan -10.7% \u2026 Pennsylvania -11.8% \u2026 Nevada -11.6% \u2026 Georgia -5.7% \u2026 North Carolina -8.3% \u2026 Arizona -11.6%\u201d\u00a0<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-18\/us-housing-starts-slide-to-five-year-low-on-apartment-projects\"><strong>Bloomberg<\/strong><\/a><strong>: \u201cNew Home Construction Falls to Five-Year Low\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201c<strong>New US residential construction declined in May to the slowest pace since the onset of the pandemic<\/strong> as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cHousing starts decreased 9.8% to an annualized rate of 1.26 million homes last month, according to government figures released Wednesday. The figure was below all estimates in a Bloomberg survey of economists.\u201d\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cBuilder sentiment now stands at the lowest level since 2022 as firms contend with uneven demand and face the risk of higher costs for imported materials as a result of the Trump administration\u2019s tariffs.\u201d<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/world\/us\/us-weekly-jobless-claims-fall-still-elevated-2025-06-18\/\"><strong>Reuters<\/strong><\/a><strong>: \u201cUS weekly jobless claims, housing data point to softening economic activity\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe report from the Labor Department on Wednesday showed widespread layoffs in the prior week, which had boosted claims to an eight-month high. \u2026 [L]ayoffs have risen this year, with economists saying President Donald Trump\u2019s broad tariffs had created a challenging economic environment for businesses.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cLayoffs were reported in the prior week across several states in a range of industries including transportation and warehousing, accommodation and food services, agriculture, construction and manufacturing.\u201d<\/li>\n<\/ul>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-06-19\/auto-tariffs-seen-hiking-car-prices-by-nearly-2-000-per-vehicle?srnd=phx-trump-second-term\"><strong>Bloomberg<\/strong><\/a><strong>: \u201cAuto Tariffs Seen Hiking Car Prices by Nearly $2,000 Per Vehicle\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cCar buyers will bear the brunt of the $30 billion cost of President Donald Trump\u2019s tariffs, driving up already high US auto prices by almost $2,000 per vehicle, according to consultant AlixPartners.\u201d<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u201cThe firm expects auto companies to pass along 80% of the cost of Trump\u2019s tariffs \u2014 which it calculates as <strong>$1,760 more per car<\/strong>.\u201d<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>While Donald Trump drags the economy toward an economic downturn, the Federal Reserve warns that Trump\u2019s billionaire-first agenda is raising prices and slowing economic growth. Thanks to the Trump administration\u2019s out-of-touch agenda, jobless claims have skyrocketed to an eight-month high, and CEO economic outlook has sunk to a five-year low. The American people are fed [&hellip;]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1053651","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump\u2019s Reckless Agenda Spirals U.S. Toward Economic Downturn - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/trumps-reckless-agenda-spirals-u-s-toward-economic-downturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-20T16:49:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-23T00:50:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/trumps-reckless-agenda-spirals-u-s-toward-economic-downturn\/\",\"url\":\"https:\/\/democrats.org\/news\/trumps-reckless-agenda-spirals-u-s-toward-economic-downturn\/\",\"name\":\"Trump\u2019s Reckless Agenda Spirals U.S. Toward Economic Downturn - 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