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Axios
Axios
Politics

Trump stares down dangerous economic doom loop

Donald Trump Joe Biden United States Economy

President Trump's attempt to rebrand the One Big, Beautiful Bill Act can't mask a grim reality: His economic approval is collapsing, and the data underneath is only getting worse.

Why it matters: Trump is in danger of getting trapped in the same "vibecession" dynamic that doomed President Biden — only this time, the structural signals are flashing red and Trump's signature legislation is toxic.

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