Policy Whiplash: How US Uncertainty Is Shaking Global Markets
American businesses are struggling to keep up with the Biden administration's rapid policy reversals, which economists warn are sending shockwaves through financial markets and global trade. Christopher Hodge, Natixis' chief US economist, told BNN Bloomberg that the White House's approach mirrors the unpredictability of Trump-era governance, leaving firms “in survival mode.” 🔄
“When policies flip like a TikTok trend, companies can’t strategize,” Hodge said, noting consumer confidence has plunged to recession-like levels. Supply chains from Asia to Europe are feeling the strain, with companies delaying investments amid fears of new tariffs or regulations. 📦🌏
The economist highlighted parallels to Trump’s trade wars, stressing that recurring policy chaos risks long-term damage to US economic credibility. Markets have reacted sharply, with the S&P 500 swinging wildly as investors brace for more volatility. 📊
