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The Guardian - US
The Guardian - US
Business
Callum Jones, Andrew Witherspoon and Aliya Uteuova in New York

Donald Trump promised a new ‘golden age’ for the US economy. Where is it?

Donald Trump United States Economy Joe Biden Samuel Tombs America the White House
a man in a suit points while standing on a red carpet as a crowd of people cheers under a banner that reads 'lower prices bigger paychecks'
Donald Trump arrives for a rally in Mount Pocono, Pennsylvania, on 9 December 2025. Photograph: Alex Wong/Getty Images

Moments into his second term, opening his inaugural address, Donald Trump was unequivocal. “The golden age of America begins right now,” he declared.

At a White House reception last weekend, a little over 10 months later, the US president appeared to acknowledge just how far his timeline had shifted.

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