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Trump's selective populism pits MAGA against Wall Street

Trump's selective populism pits MAGA against Wall Street

Summary

President Trump has created a unique brand of populism that supports workers against big companies while also helping businesses. This approach has worked for him and his supporters but may not be easy for future leaders to follow.

Key Facts

  • Trump has used tariffs to change global trade and support U.S. manufacturing.
  • He has criticized the Federal Reserve for high interest rates, which he says hurt regular Americans.
  • Trump's policies gave tax breaks that helped workers but kept Medicare and Social Security mostly unchanged.
  • His administration continued tax cuts from 2017 that mostly benefited wealthy Americans.
  • Regulations were greatly reduced under Trump, favoring big businesses.
  • During his term, Trump allowed some technology exports to China, benefiting tech companies despite his general tough approach on China.
  • He supported keeping some undocumented farmworkers, which pleased big agriculture but upset some of his supporters.
  • Trump's mixed policy approach is seen as driven by personal beliefs more than clear ideology.

Source Information