President Trump has bet on himself time and again. Now he has to provide results.
And President Trump’s been delivered game-changing news from the former Speaker of the House.
President Donald J. Trump is steering America toward a new era of economic strength, and the results are already hitting home. From slashing burdensome regulations to fighting for fair trade deals, his administration is proving that an America First agenda can revive industries, boost jobs, and put money back in the pockets of hardworking citizens. With gas prices at their lowest in years and bold policies reshaping the economic landscape, Trump’s vision is reigniting the spirit of American prosperity.
“I just watched today as Karoline Leavitt laid out the fact that this particular weekend, people go out to drive. They’re going to have the lowest gasoline price in five years,” said former House Speaker Newt Gingrich on Fox Business. “Now, that’s real. That’s an effect. That’s in people’s pocketbooks. And my hunch is that by early next year, Trump’s job approval on the economy will be back up where it was in his first term or higher. Because I just believe it’s a matter of fundamentals.”
Americans are feeling the difference at the pump, with GasBuddy projecting Labor Day weekend prices in 2025 at $3.15 per gallon—the lowest since 2020, a stark contrast to the near-$5 highs under Biden in June 2022.
Trump’s economic strategy hinges on dismantling the regulatory stranglehold that has choked American businesses for decades. His first term saw an unprecedented rollback of red tape, cutting 8.5 regulations for every new one introduced, far surpassing his promise of two-for-one. This approach saved nearly $50 billion in regulatory costs, with projections of $220 billion in savings once fully implemented. The Biden administration, by contrast, piled on $1.7 trillion in new regulatory burdens, suffocating small businesses and driving up costs for consumers.
The second Trump administration has doubled down, launching a 10-for-1 deregulation initiative. Signed on January 31, this executive order mandates that for every new regulation, agencies must eliminate ten existing ones, ensuring a net reduction in costs. “President Trump will halt the job-k*lling and inflation-driving regulatory blitz of the Biden Administration,” the White House declared. This aggressive stance is already spurring investment, as businesses are freed from bureaucratic shackles to innovate and grow.
A game-changer in Trump’s economic arsenal is the One Big Beautiful Bill Act, signed on July 4. This legislation reinstates 100% bonus depreciation for qualified property, allowing companies to fully expense major assets like factories in a single year instead of 39. “It took 39 years to depreciate a factory. Under the new bill, for the next six years, it takes one year. So the incentive to go out and build, for example, the new computing centers is going to be just enormous,” Gingrich said. This provision, extended to nonresidential production facilities through 2031, is set to unleash a wave of factory construction and job creation.
On the trade front, Trump is tackling the unfair practices that have bled American jobs and wealth. His “Fair and Reciprocal Plan,” announced February 13, targets countries exploiting the U.S.’s open markets. “The United States is one of the most open economies in the world, yet our trading partners keep their markets closed to our exports,” the White House stated. Trump’s solution? Reciprocal tariffs to level the playing field, like the 10% baseline tariff imposed on April 2, with higher rates for nations with massive trade deficits.
These tariffs are already yielding results. A deal with the European Union secured $750 billion in U.S. energy purchases and $600 billion in investments by 2028, while Japan committed $550 billion to bolster American industries. “President Trump’s bold trade strategy has yielded historic agreements with major trading partners, unlocking unprecedented investments in the United States,” the White House noted. These deals prioritize American workers, farmers, and manufacturers, ensuring fair access to global markets.
Critics once called Trump’s tariff fights chaotic, as Gingrich noted: “I think the turmoil about the tariffs where people didn’t understand what he was doing, where a lot of the negotiations were in public, seemed confusing. I think the Democrats ran an all-out — and so did most of the propaganda media of the left — ran an all-out campaign to try to smear the bill and to make it look bad.” Yet, evidence from Trump’s first term proves tariffs work. A 2024 study found they strengthened the economy, spurring re-shoring in manufacturing and steel, with minimal price impacts.
Trump’s use of the International Emergency Economic Powers Act (IEEPA) has been a key tool, allowing swift tariff implementation without bureaucratic delays. On April 2, he declared a national emergency over persistent trade deficits, citing threats to national security from reliance on foreign supply chains. This move, though controversial, empowered rapid action to protect American industries, with tariffs on steel and aluminum reinstated at 25% to shield domestic producers.
The trade deficit, which ballooned to $1.2 trillion in 2024, is a prime target. Trump’s policies aim to reverse decades of offshoring that hollowed out manufacturing and hurt small towns. By incentivizing companies to build in America—offering tariff exemptions for domestic production—Trump is bringing jobs back. “President Trump encourages businesses to build and manufacture on American soil: as these countries are aware, they will face no tariff if they decide to build or manufacture products in our country,” the administration emphasized.
Energy deregulation is another cornerstone. Trump’s rollback of Biden-era restrictions on oil, gas, and coal has boosted production, lowering energy costs. This contributed to the five-year low in gas prices, saving families money and easing inflation pressures. The energy sector’s gains are expected to create jobs and strengthen energy independence, countering reliance on adversarial nations.
The cryptocurrency industry is also seeing a boost. Trump’s pledge to support digital assets, including building a Bitcoin stockpile, has energized investors. His promise to replace SEC Chair Gary Gensler signals a shift toward a crypto-friendly regulatory environment, fostering innovation in this growing sector.
However, not everyone is on board. Some economists warn tariffs could raise costs for consumers and businesses, with General Motors and Volkswagen reporting over $1 billion in hits. Yet, supporters argue these short-term pains are outweighed by long-term gains in job creation and economic sovereignty. The U.S., generating only a quarter of its economy from trade, is less vulnerable than trading partners like Canada and Mexico, giving Trump leverage to negotiate.
