The U.S. economy is being buffeted by a range of actions — some implemented, others threatened — by President Trump.

There is no historical parallel for this. Never has a single American official created so much chaos and imposed so many self-inflicted wounds on the U.S. economy in so short a time. Some of these wounds are being felt now or will be soon; others will be felt over the longer term.

Here are six actions either already taken by Trump in his first 100 days, or now being planned, and how their cumulative effects will damage the American economy in the short and long runs.

1) DOGE cuts: The chainsaw that Trump and Elon Musk are taking to the federal workforce is unprecedented. It will likely eliminate at least 100,000 jobs, and perhaps many more (unless the courts reverse them). The numbers of contractors and grantees losing their jobs could well be larger. Though its impact on the labor market of 170 million workers will be modest, these cuts are being undertaken with no careful analysis of how to trim federal excess without threatening important services on which Americans depend — like making sure their Social Security checks arrive on time.

Trump and Musk’s cuts to the IRS could generate much larger budget deficits, as the ability of the federal government to........

© The Hill