The US midterm elections are approaching at a time of great economic uncertainty. Energy and gas prices have surged amid the ongoing conflict with Iran, rising production costs are putting renewed pressure on businesses, and affordability remains the central concern for voters across the country. Rapid advances in artificial intelligence are fueling a major investment and infrastructure boom, supporting economic growth while also raising questions about energy demand and the future of employment. At the same time, the expansion of US tariffs and increasing trade tensions are reshaping global supply chains and economic relations with key partners, including across the Atlantic. How will concerns about the cost of living shape voters’ choices in this year’s midterms? How have the Trump administration’s economic policies evolved from campaign promises to implementation? And what are the implications of the administration’s trade and tariff policies for transatlantic economic relations?