When he took office, President Trump clearly outlined his policy priorities for the first 100 days. Now that this milestone has been reached, we took a look at the progress he’s made.
100 days in, expectations have collided with political reality. While Mr Trump’s vision is still in place, his progress is likely to be slow.
This includes key market-friendly aspects of Trumponomics such as tax reform and infrastructure spending, where Congressional support will be vital.
President Donald Trump came into office amid high expectations that were set by his own forceful campaign pledges. The financial markets expressed their high hopes in the form of higher share prices, buoyed by the prospect of tax cuts and other business-friendly measures from the new president.
Soon enough, however, Mr Trump faced significant challenges, starting with a combative Congress that couldn’t muster the votes for his proposed repeal of Obamacare. With its defeat, Mr Trump had discovered what many leaders before him had already learned: Progress can be slow when political reality sets in.
Mr Trump is now at the 100-day mark of his presidency, and while it is unrealistic to expect him to have succeeded on every dimension of his programme in just over three months, this has long been a milestone for assessing a new president’s progress.
With that in mind, our scorecard provides our best assessment of Mr Trump’s accomplishments in the key policy areas he has spelled out in his ambitious agenda.
President Trump’s 100-Day Scorecard
Mr Trump came into office with a bold vision and scored at least one quick win, but many of his proposed policies have made only incremental progress since then. Congressional support seems to hold the key to success for many of Mr Trump’s initiatives; without it, his ability to advance his agenda may be limited.
The markets’ expectations for “Trumpflation” should be lower
Mr Trump’s 3-4 per cent sustainable growth pledge may be tough to attain; much depends on labour force growth and productivity growth
If Mr Trump successfully reduces regulations, financial services could benefit; less so the energy sector
Overall, progress will be slower and take longer than many anticipate