Editor’s Note
This article highlights a critical gap in recent economic analysis, pointing out that current optimistic projections rely on outdated data. Due to the US government shutdown, the latest official statistics only cover the third quarter, underscoring the need for caution when interpreting recent economic trends.

In reality, there are no solid figures to justify this optimism, as the latest official data from the US Bureau of Labor Statistics, which like all other government offices was closed from October 1 to November 12, only covers the third quarter. Therefore, this optimism is based on erroneous estimates.
Even in November, when the election-winning Trump announced double-digit tariff hikes…
This had a positive impact on the economy. Then, problems began.
First, well before August,
And then there are the retaliatory measures from affected countries, which began well before August, including cuts in purchases of specific US-made products, starting with famous alcoholic beverages like bourbon.
A KPMG survey reveals that

According to KPMG, China, once a major buyer of US agricultural products, has now turned to other countries.
Major companies like Costco, Revlon, and Kawasaki Motors
The increase in customs duties has led to a massive rise in the cost of imported raw materials and components, destabilizing supply chains. This has resulted in heavy losses across all parts of the manufacturing sector. Hundreds of serious lawsuits have been filed against the government.
John Deere, a company that imports steel and aluminum for its machinery, had already suffered a loss of $300 million in the first quarter of 2025 and laid off 200 of its employees. Hundreds of small and medium-sized businesses have made the same decision. In fact, the Bureau of Statistics immediately announced that in just a few months it had recorded
This has also increased due to uncertainty about government policies.

On December 29, an impressive list of losses was published:
Based on data provided by the Central Chamber of Commerce, in six months, companies with fewer than 50 employees paid an average of over $86,000 more and
A very large number of establishments will close their businesses. The layoff figure has already exceeded 120. There is another big burden: the expansion of duties.
Goldman Sachs revealed in one of its recent analyses that
Prices have increased significantly. And inflation has also risen.
Products are missing and many shelves remained empty during the year-end sale. For example, 90 percent of consumer electronics come from Asia, from where the vast supply chain of tools and essential components for US factories also comes. This supply has stopped in many states. It is noteworthy that
