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‘We have to rebuild our country’: Donald Trump and his team pursue economic shock therapy

The US president’s officials are standing by their strategy to remake the world’s largest economy
Donald Trump with (clockwise from top left) Scott Bessent, Howard Lutnick, Stephen Miran, Kevin Hassett and Peter Navarro

Donald Trump and his team of economic advisers are racing ahead with an attempt to radically reshape the US economy from a consumption behemoth with a huge trade deficit to a manufacturing powerhouse.

The economic pivot, which has focused on aggressive tariffs and significant cuts to government spending, has sent US equities reeling and prompted concerns about a potential slowdown in growth in the world’s largest economy. But Trump has insisted in recent days that he will press ahead.

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