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Radio France Internationale

World

David Coffey

Trump 2.0: tariffs, trade and the state of the US economy one year in

Donald Trump United States Economy RFI White House

President Donald Trump dances as he walks off stage after speaking to House Republican lawmakers during their annual policy retreat, Tuesday, 6 January 2026, in Washington. AP - Evan Vucci

From tariff-funded refunds to tough talk with allies, trade has once again become a central theme of Donald Trump’s White House. One year into Trump's second mandate, economist Gerald Friedman walks RFI through the reality behind the rhetoric and looks to how the administration may ultimately be judged.

One year after Donald Trump returned to the White House, his second administration has wasted little time putting trade at the forefront of policy.

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