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President Trump’s First 100 Days in Office – April 29 2025:

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MEMO: First 100 Days Economy

The White House

April 29, 2025

TO: White House Communications Staff
FROM: Council of Economic Advisers Staff
SUBJECT: First 100 Days Economy Memo

Jobs Statistics:

  • President Trump has created 345,000 jobs since taking office in January.
    • 188,000 (54%) of these were in non-government and government-adjacent sectors. This is a dramatic improvement from the last two years of the Biden Administration, when three-fourths of all new jobs were in government or government-adjacent sectors.
      • 2,000 of which were mining and logging jobs.
      • 27,000 of which were construction jobs.
      • 9,000 manufacturing jobs were created (compared to the 6,000 manufacturing jobs lost per month from Jan 2023 to Dec 2024).
    • At the same time that there were large private sector job gains, 15,000 federal government jobs were cut.
  • The labor force participation rate for those without a high school diploma is up by 0.7% since President Trump took office.
  • The veteran unemployment rate is down from 4.2% in January to 3.8% in March.
  • 228,000 jobs were created in March alone, well above expectations.
    • This was the fourth best month in the last two years for private payroll growth.
  • Remote work among federal employees has fallen over 16 percentage points from March last year to March this year, showcasing the success of President Trump’s initiative to bring federal workers back to the office.
    • Federal telework numbers are now in-line with the private sector.

Inflation Statistics:

  • Prescription drug prices are down over 2% since President Trump took office. 
  • Last month’s drop in the price of prescription drugs was the largest ever recorded.
  • Gasoline prices, as measured by the Consumer Price Index (CPI), are down 7% since President Trump took office.
  • Energy prices are down 2% since President Trump took office.
  • Wholesale egg prices down are about 50% since President Trump took office. Most consumers have seen relief in prices on the shelf, but all consumers should see it within the next month or two.
  • February inflation (the month prior to the most recent data) showed the smallest annual increase in core inflation in over four years (since March 2021).
  • Both of the last two CPI inflation prints came in below expectations.
  • Last month’s (March) decline was only the second monthly decline in inflation (CPI) in the last two-and-a-half years.
  • These price declines are in contrast to the persistently high inflation under President Biden, which reached the highest annual rate in the past 40 years. After suffering for years under Biden Administration inflation, consumers are now getting welcome relief. On Biden’s watch, grocery prices rose 23%, and energy prices rose 34%.
  • As a result of biting inflation, real wages in President Biden’s term were down about 2.4%.
  • Moreover, in the most recent inflation print from March, airfare, used motor vehicles, and motor insurance all saw price decreases.
  • Prices for wholesale goods fell nearly 1% last month and prices for wholesale services fell 0.2% last month, which will eventually lead to lower consumer prices.
  • Last month, retail egg price inflation continued to slow.

Misc. Economic Statistics:

  • Real average hourly earnings for middle- and low-income workers are up 0.4% and up 1% for workers in the manufacturing sector since President Trump took office.
  • The automotive sector is growing: under President Trump, we already had the biggest one-month increase in auto sales in March in more than a year.
  • Mortgage rates have declined roughly four-tenths of a percentage point since President Trump took office.
    • Assuming the most recent median home price in the U.S., a new homebuyer making a 20% down payment on a 30-year mortgage would save roughly $32,400 over the course of the loan, or about $1,080 per year.
  • Industrial production was at the seventh-highest monthly level ever recorded in March. The only higher monthly levels occurred during the first Trump Administration in 2018 and in February of this year.
  • Since the beginning of the Trump Administration, at least $5 trillion in new investment in the U.S. has been pledged from both foreign governments and private companies.

Economic Policy Wins:

  • Upon taking office, President Trump immediately blocked all unfinalized Biden-era rules, saving Americans over $180 billion — $2,100 per family of four over the next decade — and launched a bold, multi-agency effort to roll back existing federal regulations that drive up the cost of living. This effort is projected to yield significant cost savings in the coming months, including the EPA’s rollback of tailpipe emission rules for light-duty and medium-duty vehicles ($667 billion in total savings) and the Department of Transportation’s latest Corporate Average Fuel Economy (CAFE) standards ($88 billion in savings). These two efforts alone yield $755 billion in total savings or over $8,800 per family of four over the next decade. The combined savings from all of these actions equal just over $935 billion or nearly $11,000 per family of four over the coming decade.
  • The Trump Administration has implemented an aggressive 10-to-1 deregulatory initiative, which requires that whenever an agency proposes a new rule or guidance document, it must eliminate 10 existing rules or guidance documents. This effort builds on the successful deregulatory initiative introduced in President Trump’s first term, which required the repeal of at least two existing regulations for each new rule, and in practice eliminated 5.5 rules for each new significant rule.
  • To date, President Trump has issued over 20 significant deregulatory presidential actions (i.e., executive orders, presidential memoranda, and presidential proclamations).

Charts:

For more – read the following ‘X’ account:

https://twitter.com/i/timeline

Just yesterday, 28 April 2025:

Presidential Actions

ENFORCING COMMONSENSE RULES OF THE ROAD
FOR AMERICA’S TRUCK DRIVERS

Executive Orders

April 28, 2025

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered:

Section 1.  Purpose.  America’s truck drivers are essential to the strength of our economy, the security of our Nation, and the livelihoods of the American people.  Every day, truckers perform the demanding and dangerous work of transporting the Nation’s goods to businesses, customers, and communities safely, reliably, and efficiently.

Proficiency in English, which I designated as our official national language in Executive Order 14224 of March 1, 2025 (Designating English as the Official Language of the United States), should be a non-negotiable safety requirement for professional drivers.  They should be able to read and understand traffic signs, communicate with traffic safety, border patrol, agricultural checkpoints, and cargo weight-limit station officers.  Drivers need to provide feedback to their employers and customers and receive related directions in English.  This is common sense.

That is why Federal law requires that, to operate a commercial vehicle, a driver must “read and speak the English language sufficiently to converse with the general public, to understand highway traffic signs and signals in the English language, to respond to official inquiries, and to make entries on reports and records.”  Yet this requirement has not been enforced in years, and America’s roadways have become less safe.

My Administration will enforce the law to protect the safety of American truckers, drivers, passengers, and others, including by upholding the safety enforcement regulations that ensure that anyone behind the wheel of a commercial vehicle is properly qualified and proficient in our national language, English.

Sec. 2.  Policy.  It is the policy of my Administration to support America’s truckers and safeguard our roadways by enforcing the commonsense English-language requirement for commercial motor vehicle drivers and removing needless regulatory burdens that undermine the working conditions of America’s truck drivers.  This order will help ensure a safe, secure, and efficient motor carrier industry.

Sec. 3.  Upholding English Proficiency Requirements for Commercial Motor Vehicle Operators.  (a)  The Secretary of Transportation, acting through the Administrator of the Federal Motor Carrier Safety Administration (FMCSA), shall, within 60 days of the date of this order, rescind the guidance document titled, “English Language Proficiency Testing and Enforcement Policy MC-ECE-2016-006,” issued on June 15, 2016, and issue new guidance to FMCSA and enforcement personnel outlining revised inspection procedures necessary to ensure compliance with the requirements of 49 C.F.R. 391.11(b)(2).

     (b)  In carrying out subsection (a) of this section, the Secretary of Transportation, through the Administrator of the FMCSA, shall take all necessary and appropriate actions, consistent with applicable law, to ensure that the out-of-service criteria are revised such that a violation of the English language proficiency requirement results in the driver being placed out-of-service, including by working with the relevant entities responsible for establishing the out-of-service criteria.

Sec. 4.  Strengthening Commercial Driver’s License Security for Safer Commercial Motor Vehicle Operations.  The Secretary of Transportation, through the Administrator of the FMCSA, shall:

(a)  review non-domiciled commercial driver’s licenses (CDLs) issued by relevant State agencies to identify any unusual patterns or numbers or other irregularities with respect to non-domiciled CDL issuance; and

(b)  evaluate and take appropriate actions to improve the effectiveness of current protocols for verifying the authenticity and validity of both domestic and international commercial driving credentials.

Sec. 5.  Supporting America’s Truck Drivers.  Within 60 days of the date of this order, the Secretary of Transportation shall identify and begin carrying out additional administrative, regulatory, or enforcement actions to improve the working conditions of America’s truck drivers.

Sec. 6.  General Provisions. (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.  

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The Department of Transportation shall provide funding for this order’s publication in the Federal Register.

                              DONALD J. TRUMP

THE WHITE HOUSE,

    April 28, 2025.

THE FACTS STATED ABOVE – (FROM THE SOURCE) – VS BBC ‘FAKE NEWS’ TAKE – BELOW!!:

BBC: Trump’s first 100 days – in numbers

We measure this presidency so far on polling, actions, economy and immigration.

On the day of his inauguration on 20 January, US President Donald Trump promised to deliver the “most extraordinary first 100 days of any presidency in American history”.

For decades, the 100-day milestone has been viewed as a symbolic test for a new president – a moment to step back and assess the progress of a new administration.

Early data from this period gives us an indication of the progress that Trump has made on his key pledges from sweeping trade tariffs, migrant arrests and deportations to drastic cuts to government spending.

Approval rating

Trump’s second-term approval rating has been compared with that of his predecessors by US polling firm Gallup, which has used the 100-day milestone for decades.

Trump is the first post-war president to serve two non-consecutive terms, which is why he has two sets of ratings.

Beeswarm plot of the last 10 elected US president's overall approval rating at 100 days into their term. Exludes Trump's presidencies
Beeswarm plot of the last 10 elected US president's overall approval rating at 100 days into their term, excluding Trump's presidencies. Kennedy at 83%, Reagan at 67%, Biden at 57%, and Clinton at 55% are highlighted.
Beeswarm plot of the last 12 elected US president's overall approval rating at 100 days into their term. Trump's two presidencies are highlighted, both of which are at less than 50%
Dot plot of the approval ratings by Democrats and Republicans at 100 days into Trump's first presidency. The approval rating by Democrats is shown as 36% and by Republicans as 87%, which is a 51 point gap.
Dot plot of the approval ratings by Democrats and Republicans of the last 12 elected presidents' terms at 100 days. The presidents are ordered from most recent to least recent.
Beeswarm plot of the last 10 elected US president's overall approval rating at 100 days into their term. Exludes Trump's presidencies

Here are all the presidents except Donald Trump elected since World War Two, ordered by their approval rating just before the 100-day mark.

Beeswarm plot of the last 10 elected US president's overall approval rating at 100 days into their term, excluding Trump's presidencies. Kennedy at 83%, Reagan at 67%, Biden at 57%, and Clinton at 55% are highlighted.

John F Kennedy enjoyed 83% of public approval and Ronald Reagan had 67%. Joe Biden and Bill Clinton were less popular but still above 50%.

Beeswarm plot of the last 12 elected US president's overall approval rating at 100 days into their term. Trump's two presidencies are highlighted, both of which are at less than 50%

Trump is the only post-war president to have less than half the public’s support at 100 days, in both his terms. But overall approval only tells part of the story…

Dot plot of the approval ratings by Democrats and Republicans at 100 days into Trump's first presidency. The approval rating by Democrats is shown as 36% and by Republicans as 87%, which is a 51 point gap.

Here’s how presidential support looks when split along party lines. The longer the line the more polarised their support.

Dot plot of the approval ratings by Democrats and Republicans of the last 12 elected presidents' terms at 100 days. The presidents are ordered from most recent to least recent.

Trump’s second presidency has by far the largest split in approval rating with nine out of 10 Republicans supporting him versus only 4% of Democrats.

Comparable data is not available for presidents who were completing someone else’s term, such as Lyndon B Johnson, who became president in 1963 after John F Kennedy’s assassination.

Gallup’s latest approval polling was conducted from 1-14 April, during a period of market turbulence in response to Trump’s trade tariffs. But the reading of 44% does not indicate an immediate change to Trump’s polling, which has been stable during the first quarter of his second term. As with previous presidents, the latest polling was based on no fewer than 1,000 interviews.

A whirlwind of action

Trump pledged during his campaign to act quickly on his top issues. He vowed that on his first day he would reduce prices, end the war in Ukraine, and pardon those linked to the 2021 US Capitol riot.

He has not achieved all of those but if the sheer number of executive actions is anything to go by, Trump is the fastest-moving president of modern times – issuing a huge number of directives to the federal government that do not require the approval of Congress.

These include legally-binding executive orders. Trump has issued more executive orders in 100 days than any other president in the past century. He has already issued more than half as many as he did during his entire first term — and nearly 90% as many as Joe Biden issued over four years.

An bar chart showing the number of executives orders issued by recent US presidents by 100 days and during the whole term.

Some of Trump’s executive orders have been hugely consequential, and many have been aimed at undoing Biden’s legacy – which his supporters have cheered. Among his day-one orders, Trump decreed that the US would, once again, pull out of the UN’s Paris agreement on climate change – which he said was burdening Americans – and declared a national energy emergency to increase US oil output.

Other orders have been more mundane – such as one that ended a ban on plastic straws.

At the same time as he has utilised his executive power, Trump has shown little interest in working with Congress on new legislation. He has passed just five bills into law, which is fewer at this stage than has been achieved by any new president for 70 years, as originally reported by Punchbowl News.

Trump’s executive actions in 2025 have challenged the limits of presidential power, and he has frequently found himself on a collision course with federal judges. He has faced more than 200 legal challenges over some of these orders, according to non-partisan law journal Just Security, with judges halting his actions in many cases.

Economic performance

Trump won his decisive victory in November 2024 after pledging to cut prices and boost jobs for Americans. His pro-business message was welcomed by many on Wall Street – as reflected in a bump in US stock prices on the S&P 500 index after his election win.

US stock prices tend to gradually rise in the early stages of a presidency. But in Trump’s case, they remained stagnant and progressively declined as his rhetoric over trade tariffs intensified. They suffered a dramatic drop when he unveiled a range of these import taxes, applying worldwide, on 2 April.

A line chart showing the performance of S&P stocks in the first 100 days of the three most recent presidents.

Trump rowed back on some of these tariffs a week later, causing a slight market rebound. But the uncertainty created by his sweeping efforts to remake global trade has been blamed for worldwide economic turbulence.

Another important consideration is how Americans feel about the economy. This question has been tracked for decades by the University of Michigan, which surveys hundreds of households each month for its Consumer Sentiment Index.

The score has fluctuated during recent presidential transitions. Under Trump, it has declined by a notable amount. Four consecutive monthly drops culminated in a score in April that was the index’s second-lowest ever. The all-time low came in June 2022, under the presidency of Joe Biden, and widespread pessimism about inflation after Russia’s invasion of Ukraine.

Consumers in April said they were worried about a trade war, with worsening expectations around incomes, inflation and personal finances. Trump himself has refused to rule out an economic recession but has vowed that his agenda will reap longer-term rewards.

Other aspects of economic performance are harder to assess at this stage – including inflation, which the US Federal Reserve has suggested could rise again as a result of Trump’s tariff policies.

Trade and tariffs

President Trump has justified his sweeping global tariffs by saying they will result in jobs and factories returning to American shores – and also that they will reduce America’s trade deficit. Trump sees the fact that the US imports more than it sells as other nations “ripping off” his own. He frequently singles out China, one of the top exporters to the US.

The US Census Bureau and US Bureau of Economic Analysis release monthly figures on how much the US trades in goods and services with other countries.

A dot plot of imports and exports by the US from January 2024 to October 2024. The dots for imports and exports for each month are connected with a line. Imports are higher than exports each month. There is an annotation which reads, "Monthly imports" and points to a dot representing imports for October 2024. There is a similar annotation which labels an export dot.
A dot plot of imports and exports by the US from January 2024 to October 2024. The dots for imports and exports for each month are connected with a line. Imports are higher than exports each month. All lines/dots are greyed out except those for October 2024. There is a bracket next to this line which extends from the import dot to the export dot. The text next to the bracket reads, "Trade deficit"
A dot plot of imports and exports by the US from January 2024 to October 2024. The dots for imports and exports for each month are connected with a line. Imports are higher than exports each month. There is an annotation which reads, "Monthly imports" and points to a dot representing imports for October 2024. There is a similar annotation which labels an export dot.

Last year, the US bought, or imported, more in goods and services than it sold, or exported.

A dot plot of imports and exports by the US from January 2024 to October 2024. The dots for imports and exports for each month are connected with a line. Imports are higher than exports each month. All lines/dots are greyed out except those for October 2024. There is a bracket next to this line which extends from the import dot to the export dot. The text next to the bracket reads, "Trade deficit"

The difference between the two is called the trade deficit. The US has operated with a trade deficit for decades – now Trump wants to eliminate it.

A dot plot of imports and exports by the US from January 2024 to February 2025 by month. The dots for imports and exports for each month are connected with a line. Imports are higher than exports each month. Imports gradually goes up in Nov 2024 and Dec 2024, then rises steeply in Jan 2025. The imports and exports stay roughly the same between January 2025 and February 2025. Exports remain fairly constant. There is an annotation which reads "Nov 2024 Trump elected" and "Jan 2025 Trump sworn in" which point to the respective lines/dots.

But Trump’s new tariffs may have had the opposite effect – widening rather than shrinking the deficit this year. Many importers, fearing higher costs, rushed to buy goods after he was re-elected, data shows.

The value of goods imported to the US hit a total of $329m in January – a record monthly figure since at least 1992, and a number that only slightly tapered in February.

Despite Trump pausing many of his most drastic tariffs in an announcement on 9 April, there have been reports of Americans stockpiling certain items, driven in part by uncertainty. High taxes remain in place on imports of Chinese products, but Trump has signalled willingness to cut these if a deal can be reached.

Moves on immigration

Trump talked tough on immigration before returning to the Oval Office, promising mass deportations of migrants who entered the US illegally and ending automatic citizenship rights that currently apply to nearly anyone born on US territory – known as “birthright citizenship”.

He has so far not managed to deport as many migrants as promised, and courts have blocked his attempts to end birthright citizenship for certain children.

One measure on which the returning president can claim success is illegal US-Mexico border crossings. This is indicated by Border Patrol data on arrests – which has recently shown what the White House calls a record low. In March 2025, just over 7,000 migrants were arrested at the border – compared with more than 137,000 in March 2024, under Biden.

A column chart showing the number of encounters at the US-Mexico border during Trump's first term, Biden and the start of Trump's second term.

There are relatively few metrics on immigration that can be measured clearly at the 100-day mark. But Trump and his team have used the sharp drop in border arrests, plus an increase in detentions inside the country by Immigration and Customs Enforcement (ICE), to argue that they are proving successful with their efforts to deter illegal immigration and rectify Biden’s “unsecured” border.

The administration has been quick to publicise raids by ICE officers – saying many of these targeted people with criminal records – and to tout what it calls unprecedented levels of cooperation with local law enforcement.

A column chart showing the number of people detained in ICE facilities for the first time since the pandemic, includig during Trump's first term, Biden and the start of Trump's second term.

At the same time, deportations have lagged, and have faced high-profile legal challenges. If detentions continue to increase, there are warnings that ICE centres could run out of space.

As court battles loom, the future of Trump’s immigration policy will come into even sharper focus during the next 100 days.

The rest of Trump’s ambitious agenda will also be shaped by what he can achieve in the next few months.

How Americans react to his actions on the border, the trade fights that lie ahead and movements in grocery prices could determine whether Trump remains the most divisive president of the modern era.

Reported and produced by

Krystina Shveda and James FitzGerald

Designed by

Jess Carr and Jenny Law

Edited by

Tom Finn, David Blood and Tom Geoghegan

Additional reporting

Pilar Tomas, Tommy Lumby, Natalie Sherman, Bernd Debusmann Jr

Developed by

Shawn Hardern, Giacomo Boscaini-Gilroy and Dan Smith

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