Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
Donald Trump seemed poised to inherit a relatively strong economy when he begins a second term in the White House in January.
Summary
Donald Trump is set to inherit a stable U.S. economy, but his actions have introduced uncertainty. Now he faces challenges including stubborn inflation and a potential government shutdown.
His actions, such as threatening tariffs and undermining bipartisan deals, have unsettled markets and raised concerns among voters and the Federal Reserve.
Trump’s economic agenda, including tax cuts and deregulation, faces skepticism and potential limitations due to a higher national debt and public dissatisfaction.
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Who knew the guy who caused the economy to crash by ignoring COVID would inject uncertainty into the market.
He is certainly shows running it faster than I expected.
I thought we'd get a year or two in...until his dumbass tariff and tax plans kick in. Did not have "tank economy before taking office" on my bingo sheet
I figured it would be pretty instant as soon as he mentioned tariffs.
Your average Joe may not know much about how tariffs work, but the finance people that do most of wall street trading, and the big corporations that rely on international trade certainly know how they work.
Trump basically promised to halve the market for most products in the US. Sure, some businesses may see this as an opportunity to increase prices above the tariff costs to squeeze even more profits, but any large company that operates on volume, like Walmart, should be shitting bricks right now. If half the people shopping at Walmart right now won’t be able to afford the products next year, the company is going to have to massively downsize or risk financial ruin. They already operate on narrow profit margins per item. If they sell less of imported goods, their revenue will drop through the floor.
I had just the tiniest little inkling. But ain't nobody listening to me, that much is for certain.