New Delhi: In a bold move at the start of his second term, U.S. President Donald Trump announced several sweeping initiatives, one of the most talked-about being the creation of the Department of Government Efficiency (DOGE). Launched on January 20, the department was tasked with streamlining government spending and reducing federal expenses, with billionaire Elon Musk appointed as its head. However, DOGE faced controversies from the start, with Musk stepping back, and has now been officially shut down.
DOGE had claimed it would save billions of dollars by restructuring government departments. Yet, during its brief existence of 326 days, the department failed to curb the rising U.S. debt. In this period, the national debt surged by $2.1 trillion, averaging a staggering $6.5 billion increase per day. The total U.S. debt now stands at $38.3 trillion.
Tariff Implications
The closure of DOGE has also raised questions about other economic policies from Trump’s second term. His inconsistent stance on tariffs has sparked speculation that some of his decisions, including tariffs on various countries, could be revisited or even revoked. India, for instance, has faced a 50% tariff under Trump’s trade measures, which also includes an additional 25% duty imposed due to crude oil imports from Russia.
As the Trump administration navigates its policy reversals, the shutdown of DOGE underscores the challenges of managing federal expenditures while balancing international trade obligations.
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