Let’s unpack the whirlwind 🌪️ of the Trump administration’s first 100 days in office—where radical trade policies and tariff wars sparked chaos across global markets. 📉
💼 America First, Markets Worst?
The administration’s ‘reciprocal tariffs’ on April 2, 2025, triggered shockwaves. The Dow Jones, Nasdaq, and S&P 500 tanked by over 8%, while the US dollar sank 5% since February. Financial experts called it a ‘self-sabotage’ move, with panic buying and spiking import costs squeezing everyday Americans. 💸
🌐 Global Trade ‘Quagmire’
The WTO warns US tariffs could slash global trade by 1% this year—a staggering downgrade. Ray Dalio of Bridgewater Associates compared the turmoil to historic 1930s-era breakdowns. ‘This isn’t just tariffs—it’s a systemic collapse,’ he noted.
🏭 Backfiring Promises
Efforts to revive US manufacturing? More like a ‘noose’ on the economy. Instead of reshoring jobs, tariffs hiked corporate costs and spooked investors. Markets called it a ‘triple sell-off’—stocks, bonds, and the dollar took synchronized dives. 📉
Zhang Tengjun, a scholar at the China Institute of International Studies, argues these moves risk pushing the US into a ‘self-inflicted abyss.’ Will Washington recalibrate? For now, the world braces for what comes next. ⚠️
Reference(s):
Trump administration's 100-day agenda: A foreign policy in disarray
cgtn.com