Washington, August 10, 2025 — US President Donald Trump may be making big claims about the economy, but the country’s growing debt is raising questions on his policies. The US national debt has officially crossed the $37 trillion mark for the first time, which is a serious economic warning for the country.
Debt increases wildly
Since the One Big Beautiful Bill Act came into force on July 4, the US debt has increased by $780 billion. This means that the debt is increasing by $22 billion per day. Since the pandemic, the total debt of the US has increased by $14 trillion.
The situation has become so serious that the government has to spend $3 billion daily just to pay interest. Experts believe that if there is no improvement soon, the government may face a severe shortage of funds for other development works.
Attempt to get relief through bond sale
Last week, the government sold bonds worth $724 billion through 10 auctions, which has tried to reduce the financial pressure to some extent. However, this measure is not considered a permanent solution.
Expectations from tariffs, but also risks
To deal with the debt, the Trump administration has imposed tariffs of up to 50% on goods coming from countries like India and Brazil. Trump claims that this will give America huge revenue and the country will become economically prosperous again.
On Tuesday, Trump said, “The purpose of what I am doing is mainly to repay the debt. But I think there is also a possibility that we are taking so much money that we can also give dividends to the people of America.”
Experts’ concern
Economic analysts say that the revenue from tariffs can provide short-term relief, but this can affect global trade relations. Also, domestic consumers may have to face expensive imported goods.