In the spirit of the season, the Washington Examiner has identified 12 issues we believe will shape and influence 2025 – and beyond. The incoming Trump administration has made the fight against illegal immigration, and the use of tariffs, its flagship policy items. The U.S. will also potentially undergo a health revolution, while very real questions need answered on everything from social security reform to the military to the changing landscape of the energy sector. Part 5 will look at economic headwinds confronting the Trump administration.

After a year of falling but still high inflation and the looming threat of tariffs, here is what could lie ahead for 2025.