Donald J. Trump

President — United States

Country momentum +6 — Quarterly momentum: the Bureau's read on the country's trajectory over the last quarter, from −10 (deteriorating fast) to +10 (accelerating).

• Commands the world's largest economy and its largest military by a wide margin — power that moves markets daily.
• The White House claims $11T in investment commitments; US steel passed Japan's in 2025, first time since 1999.
• 50% steel tariffs, the Washington summit with Xi, truces on his terms — deals, not doctrines.
• The debit: the Canada trade war, mass-deportation drives, and frayed allied trust.