New Delhi: Despite his relentless efforts to “Make America Great Again,” U.S. President Donald Trump is facing a rising national debt that continues to soar. The federal government’s debt has now reached $38.5 trillion, with an increase of $2.3 trillion in 2025 alone—equivalent to $6.3 billion added every single day. This means that, on average, each American family now shoulders a debt of $285,733. If the current pace continues, the national debt could hit $40 trillion by August 2026. Since 2020, the U.S. debt has grown by $15.3 trillion, averaging an annual increase of $2.6 trillion.
Trump’s Measures to Reduce Debt
To curb the rising debt, Trump has imposed tariffs on countries worldwide, including India, and pushed companies to invest within the United States. Major corporations such as Apple, Nvidia, and Micron have been encouraged to expand domestic operations. Additionally, semiconductor companies Nvidia and AMD were required to share 15% of their profits to gain approval for exporting to China. Trump has also promoted increased domestic crude oil production under slogans like “Drill, Baby, Drill.”
Turning Eyes Toward Foreign Resources
Despite these measures, the debt continues to balloon. According to the Peter G. Peterson Foundation, the U.S. spent $880 billion in 2024 solely on interest payments—the largest amount in its history. This year, the country may need to spend $1 trillion on debt servicing alone. With approximately 128 million American families, this translates to $650 per family per month just to cover interest.
The growing burden of debt has now prompted Trump to look beyond domestic solutions, turning his attention toward leveraging resources from other countries to manage the financial strain.
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