5 economic forces that could shape the first year of Trump’s presidency Boston 25 News [Video]

WASHINGTON — (AP) — Like most presidents, Donald Trump faces an economy that seldom bends to political ambitions.

The Republican has promised strong growth, high tariffs, income tax cuts and booming oilfields. But despite the solid job market and low 4.1% unemployment rate, he has to contend with headwinds like inflation, a budget deficit, increased tensions over trade, the fallout from his plans to curtail immigration and a persistent wealth gap.

Each of these issues could help to shape how voters feel about a president they returned to the White House with the specific goal of fixing the economy.

For his part, Trump wants to blame all the challenges before him on his predecessor, Joe Biden, who in turn blamed Trump in 2021 for the problems his own administration had to tackle.

“This begins with confronting the economic chaos caused by the failed policies of the last administration,” Trump told the World Economic Forum on Thursday.

Here are five economic forces that could shape the first year of …