\n<\/p>\n
\t[–><\/p>\n [–><\/p>\n President Trump campaigned in 2024 on promises to \u201cend inflation,\u201d bring back manufacturing jobs and deliver an economic boom. A year after he returned to the White House, he has yet to deliver on those pledges. Still, there has been progress in some areas, and the economy has proved surprisingly resilient.<\/p>\n <\/p>\n Here are eight of the promises Mr. Trump made as a candidate, and where things stand after his first year back in office.<\/p>\n <\/p>\n [–>[–><\/p>\n Prices are down for a few specific grocery categories, like eggs, but are up sharply in others, like beef. Overall, food inflation has slowed significantly since peaking in 2022, but it has actually picked up somewhat since Mr. Trump returned to office \u2014 December saw the biggest one-month increase in grocery prices since 2022.<\/p>\n <\/p>\n [–>Note: Data is not seasonally adjusted.<\/span>[–>Source: Bureau of Labor Statistics.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n Mr. Trump often went even further on the campaign trail, promising to \u201cbring down the prices of all goods.\u201d Economists say that was never credible \u2014 and, indeed, outright declines in prices, known as deflation, are generally a sign of a deep economic slump. But they say inflation might have cooled more this year if Mr. Trump hadn\u2019t imposed tariffs on a broad range of imported goods.<\/p>\n <\/p>\n [–>[–><\/p>\n Gas prices have fallen under Mr. Trump, though not to the sub-$2 level that he promised on the campaign trail. The average price of a gallon of regular gasoline was $2.78 in early January, according to the Energy Information Administration, down from just over $3 a year earlier. Gas prices hit a record high of more than $5 a gallon in the wake of Russia\u2019s invasion of Ukraine in 2022, but had fallen significantly even before Mr. Trump returned to office.<\/p>\n <\/p>\n [–>Note: Data is not seasonally adjusted.<\/span>[–>Source: Energy Information Administration.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n Energy experts generally say presidents have little control over the price of oil. The major factors driving the recent decline, including robust domestic oil production, were in place long before Mr. Trump returned to office, although his trade policies may also have played a role by leading to lower forecasts for global growth. Still, prices at the pump are the lowest they\u2019ve been in nearly five years.<\/p>\n <\/p>\n [–><\/p>\n <\/p>\n Hasn\u2019t happened<\/p>\n <\/div>\n <\/p>\n Unlike gasoline, the electricity market is extremely regional, with different parts of the country paying sharply different prices for power. On average, however, residential electricity prices in December were up 6.7 percent from a year earlier, and have risen far more in some areas.<\/p>\n <\/p>\n [–>Note: Data is not seasonally adjusted.<\/span>[–>Source: Bureau of Labor Statistics.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n Power prices are being driven in part by rising demand from the data centers used to train and run artificial intelligence models. That has created a political liability for Mr. Trump, whose administration has embraced the A.I. boom. Rising electric bills were a major issue in gubernatorial races last year, and are expected to feature heavily in midterm campaigns this year.<\/p>\n [–><\/p>\n [–>[–><\/p>\n U.S. auto production peaked in the mid-1980s and has fallen steadily since then. That decline showed little sign of reversing during Mr. Trump\u2019s first year back in office. Globally, U.S. carmakers have lost ground to foreign competitors, particularly Chinese companies specializing in affordable electric vehicles. Employment in the automaking sector has fallen by about 28,000 jobs in the past year.<\/p>\n <\/p>\n [!–>[–>Source: Bureau of Labor Statistics.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n [–><\/p>\n <\/p>\n Hasn\u2019t happened<\/p>\n <\/div>\n <\/p>\n Manufacturing employment was roughly flat in Mr. Trump\u2019s first few months back in the White House, but has now fallen for eight straight months. Wage growth for rank-and-file factory workers also slowed in 2025.<\/p>\n <\/p>\n [!–>[–>Source: Bureau of Labor Statistics.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n Mr. Trump\u2019s supporters say it will take time for his trade policies to translate into factory jobs. But critics note that investment in factory construction, which should respond more quickly to policy changes, has also fallen.<\/p>\n [–><\/p>\n [–><\/p>\n <\/p>\n So far, so good<\/p>\n <\/div>\n <\/p>\n Mr. Trump\u2019s first year was a wild one for the stock market. At one point last spring, the S&P 500 closed down nearly 18 percent from its peak, narrowly avoiding the 20 percent drop that is the conventional definition of a bear market. But despite several other jittery moments, stocks ended 2025 up 16 percent, making it a strong year.<\/p>\n <\/p>\n Some of the ups and downs were the direct results of Mr. Trump\u2019s policies. Stocks fell more than 10 percent in two days in early April after Mr. Trump announced tariffs on nearly all U.S. trading partners. They rallied by nearly as much when Mr. Trump rolled back many of those tariffs a few days later.<\/p>\n <\/p>\n [–>Note: Data is not seasonally adjusted.<\/span>[–>Source: LSEG Data & Analytics.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n But the driving force behind the market gains was investor optimism about artificial intelligence. Companies tied to the A.I. boom saw their stock prices soar, even as some other sectors lagged. That increasing concentration has fueled concerns that the bull market could be vulnerable if A.I. proves to be a bubble.<\/p>\n <\/p>\n [–><\/p>\n <\/p>\n Some progress<\/p>\n <\/div>\n <\/p>\n The U.S. Treasury collected a record $264 billion in tariff revenue in 2025, more than three times the total in 2024. In November, the Congressional Budget Office estimated that the tariffs would bring in about $2.5 trillion in revenue through 2035, about half as much as the corporate income tax. That assumes the tariffs remain in place, however \u2014 the Supreme Court is considering a legal challenge that could invalidate some of the duties.<\/p>\n <\/p>\n [–>Note: Data is not seasonally adjusted.<\/span>[–>Source: Treasury Department.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n Even if tariffs remain in place, the debt will continue to grow because tariffs won\u2019t fully offset the lost revenue from the tax cuts that Mr. Trump signed into law last year. That bill will add $3.4 trillion to the deficit over 10 years, according to the Congressional Budget Office.<\/p>\n <\/p>\n [–>[–><\/p>\n As a candidate, Mr. Trump promised his tariffs would discourage imports and encourage companies to shift production back to the United States, shrinking the trade deficit. In his first months back in office, the opposite occurred: The trade deficit exploded as companies rushed to import goods to get ahead of tariffs.<\/p>\n <\/p>\n Imports dropped off sharply once Mr. Trump\u2019s trade policies took effect, narrowing the deficit significantly late in the year. But imports could pick up again once companies sell through their inventories, and there has been little evidence of companies moving production back to the United States in a major way.<\/p>\n <\/p>\n [–>Note: Data is trade in goods, not services, and is not seasonally adjusted.<\/span>[–>Source: Census Bureau.<\/span>[–>The New York Times<\/span><\/p>\n <\/div>\n<\/div>\n <\/figure>\n <\/p>\n China is a somewhat different story. The U.S.-China trade deficit peaked during Mr. Trump\u2019s first term and has declined since then, as both the Trump and Biden administrations imposed tariffs and other restrictions on trade with China. But some Chinese companies are routing trade through other countries to avoid U.S. duties, making it hard to estimate exactly how much imports from China have fallen.<\/p>\n <\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":" [–> [!–> [–> President Trump campaigned in 2024 on promises to \u201cend inflation,\u201d bring back manufacturing jobs and deliver an economic boom. A year after he returned to the White House, he has yet to deliver on those pledges. Still, there has been progress in some areas, and the economy has proved surprisingly resilient. Here …<\/p>\n","protected":false},"author":1,"featured_media":56090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/static01.nyt.com\/images\/2026\/01\/16\/business\/2026-01-08-econ-year-index\/2026-01-08-econ-year-index-facebookJumbo-v9.jpg","fifu_image_alt":"","footnotes":""},"categories":[13],"tags":[],"class_list":["post-56089","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-mundo"],"_links":{"self":[{"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/posts\/56089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=56089"}],"version-history":[{"count":0,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/posts\/56089\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=\/wp\/v2\/media\/56090"}],"wp:attachment":[{"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=56089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=56089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noticiasveraces.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=56089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Food Prices
Gas Prices
Electricity Prices
Campaign rally in Asheville, N.C., Aug. 14, 2024<\/h4>\n
\u201cUnder my leadership, the United States will commit to the ambitious goal of slashing energy and electricity prices by half, at least half. We intend to slash prices by half within 12 months, at a maximum 18 months.\u201d
The Auto Industry
Manufacturing Jobs
Campaign speech in Savannah, Ga., Sept. 25, 2024<\/h4>\n
\u201cThis new American industrialism will create millions and millions of jobs, massively raise wages for American workers, and make the United States into a manufacturing powerhouse like it used to be many years ago.\u201d
Stock Market
NRA event in Dallas, May 18, 2024
\u201cWe are a nation whose stock market\u2019s continued success is contingent on MAGA winning the next election.\u201d
Tariff revenue
Campaign rally in Juneau, Wisc., Oct. 6, 2024
\u201cWe will use the hundreds and billions \u2014 it’s really trillions, OK, but we\u2019re going to use the hundreds of billions \u2014 of tariff dollars to benefit American citizens and to pay off debt because we have to start paying off debt.\u201d
Trade deficit