On January 20, 2025, Donald Trump was inaugurated as the 47th President of the United States. Returning to office after a four-year absence, his second administration, set to run until January 2029, has now begun. The launch of “Trump 2.0” is expected to once again shift the balance of power in the international community. In particular, changes in U.S. foreign policy and economic strategy could have significant impacts on other countries, potentially giving rise to geopolitical and geoeconomic risks. How the second Trump administration’s policies will shape the global economy and international order—and how other countries will respond—remains a key question. In this feature, we analyze the policy trends and impact of the Trump administration in 2025 and examine their implications for the international community.
IOG Economic Intelligence Report (Vol. 4 No. …
Visiting Research Fellow
Paul Nadeau
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Director & Group Head, Economic Security
Kazuto Suzuki
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Visiting Senior Research Fellow
Shin Oya
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Research Fellow
Kota Umeda