President Donald Trump talks to reporters before boarding Air Force One on May 20, 2026, at Joint Base Andrews, Maryland. | Chip Somodevilla/Getty Images President Donald Trump has put the US economy through the wringer.  Since taking office, he has: Imposed large and evershifting tariffs on imports, thereby driving up consumers’ costs and businesses’ uncertainty. Engineered a collapse in both legal and unauthorized immigration, which has undermined growth and labor specialization. Manufacture