CNN
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Donald Trump spent the first 100 days in the Oval Office leading an economy envisaged by the world on the brink of the crisis, risking America's reputation as a financial safe haven and enhances fear among the voters who lost confidence in its leadership.
The Americans were desperate for relief from the high prices of groceries and bought Trump's promise to make America affordable again in November 2024, partly outside nostalgia to the economy before the recipe in his first term.
But the president deliberately depends on the policies that almost certainly rise more prices; This can lead to a deficiency. It has senior executives and small companies that deal with chaos and stagnation.
Trump tries to the basic reform of American economies and global economies in generations, and he insists that he can re -establish the golden age in the late nineteenth century using a “beautiful” tariff to practice the American economic power to crush commercial competitors.
But the president who played the golf while workers 401 (K) often seemed indifferent to the increasing concern of the Americans, from business agents to ordinary shoppers who see the impact of his policies in the actual time 100 days in his post, which will be believed on Tuesday.
The trillion dollars from stock markets have been eliminated. Airlines cut flights. The best companies discourage their annual expectations; Some retailers have abandoned the sale of Chinese goods in the United States due to the definitions. The International Monetary Fund reduced US growth expectations; The Federal Reserve says that some companies have stopped employment; The CEO of Walmart Trump told his policies that will require the supply chain by summer.
On a warning sign of a possible segment to the recession, the feelings of consumers fell and in April in April fourth more low since 1952. The Fear and greed index in CNN was a snapshot of passion for the markets, recorded “fear” or “intense fear” for the past month.
Like the many that Trump has done since his return to the Oval Office, his commercial policy is legally and constitutionally doubtful since he declared a national state of emergency to cancel the provision of powers to launch a tariff war.
He is now practicing a vast and indisputable authority to test his life theory that the United States, the richest nation in the world, has long been separated by every other country. Its goal is to force foreign markets wide for American products and make manufacturers restore factories and jobs to revive the industrial areas that have paid a heavy price for the globalization of trade. He insists that dozens of countries are lining up in US -friendly deals that will make Americans rich.
Millions of American jobs may depend on the results of his gambling.
Trump is a fundamental belief in the center of his efforts to dismantle the United States-led Western political system that prevailed and kept global peace for 80 years: that the United States-the strongest global power-should not lead the world but its power should be used in individual negotiations to force the smaller countries on policies that benefit America and no one. This principle, integrated into his approach to “America first”, has already strengthened many American allies-although this is an advantage and is not a mistake for the president who sees life as a suggestion.
The mood of the president's fragile and believing that he has a more clear economic mind than those whose job is to protect employment and combat inflation in pushing the American economy to the brink of the abyss.
For example, his attacks on Federal Reserve Chairman Jerome Powell the American brand as a rock of stability in the global economy. Trump has been calling for significant discounts in the rate of interest, although many experts warn that this may lead to high inflation, which is already expected to rise due to its definitions. The markets hated his intervention – perhaps one of the reasons that make him deceive, at least at the present time, his threats to shoot at the Central Bank president.
Trump is also escalating with a dangerous confrontation with China, as it launches the full economic war with the twenty -first -century competitor in the first century in America, which has huge geographical implications that exceed the trading conditions.
“If I look at all the years I was doing, I was right,” Trump told Time in an interview last week. “You will have our richest country ever, and you will have an explosion in the non -far -long future.”
What draws attention to the gathering storm is that it is not the product of business courses, external economic shock, terrorist attack, or God's action such as a natural pandemic or disaster. It has been all composed by the American President deliberately adopts the customs tariff policies that almost all familiar economic observers expect will lead to high prices and slow economic activity.
This is not only what Trump does, but how he does it.
It has imposed an arbitrary tariff and temporarily stopped, which creates a kind of uncertainty that could cause riding. In his interview, he claimed that he had already conducted 200 commercial transactions and that his team was speaking with China, which faces a 145 % tariff that actually stopped trade between competitors. Beijing denies that she is in contact with the United States and does not show any sign of his retreat.
Trump makes an extraordinary serious bet.
The president said: “This is one of the most important days, in my opinion, in American history. It is our announcement of economic independence,” announces “liberation day” in the White House garden on April 2. “We will be rich as a country because they took a lot of our wealth away from us.”
But within hours of mutual definitions that enter into force, Trump suddenly stopped them for 90 days, apparently restores reality through disturbing activity in bond markets that suggested that investors abandon their belief in the American economy. However, his officials, drowned in the worship of Trump's character, praised his sudden reflection as evidence of his genius and expected a torrent of deals that would strengthen the economy. None of them has been fulfilled yet.
Confusion and repercussions were a shock to millions of Americans who were hoping to bring economic relief, not a new round of pain for the family budgets.
After winning the multiplicity of popular vote in November, the Trump rating decreased to 41 %, the worst of any president in his first 100 days in 70 years, according to a new survey of the CNN/SSRS network. His approval of the economy-the key to his political validity-is at its lowest level at 39 %. Only 35 % approve his inflation approach, the same number that Trump supports definitions.
The president's deteriorating political position escalates from pressure to produce results that justify the shock and the tremendous damage it causes to the economy.
However, the administration insists that the economic policy that appears to be created by the president's personal whims is a well -thoughtful plan to present.
“I mean, he is the finalist maker,” the Minister of Agriculture, Brock Rollins told CNN. “It will be a new era of market expansion around the world … The two countries have touched our door now.”
Treasury Secretary Scott Bessin depicted Trump's volatile leadership as an example of the president than the American trade competitors.
“In the theory of the game, it is called the strategic uncertainty. So, you will not tell the person on the other side of negotiation where it will end. No one is better in creating this leverage from President Trump,” Pisent said in ABC News. “You know, it has shown high definitions, here is the stick. This is where the definitions can go. The carrot comes to us, take off your customs tariff, take off your non -carrier commercial barriers, stop handling your currency, stop supporting work and capital, and then we can speak.”
If the tariff strategy in Trump and significantly good conditions succeeded in the circulation of the United States, it will challenge the traditional wisdom of every leadership economic analyst and contracts from American economic policy. But if he photographed the country – and the rest of the world – in recession, there will be no political escape because it made itself an embodiment of the policy of customs tariffs.
This is why it will be important to see what is happening after that.
The administration predicts that a group of commercial deals such as Japan, South Korea and the European Union will start soon. Given that such agreements usually take years to negotiate and require ratification by foreign legislative bodies in democratic countries, it is possible that what it shows shows much less than the revolution in the global trade that the administration predicts. But Trump is likely to descend any deals as unusual breakthroughs. If they do not get his goal of transforming global trade, they may calm the markets and settle on the president's political position and return the legends of the maker of the deals.
Even if Trump succeeds, it is certain that his approach means high prices of Americans in all fields – in a challenge to the messages sent by voters last November.
In the time interview, Trump said, for example, he considered it a “complete victory” if the definitions are 20 %, 30 % or 50 % on foreign imports next year. Such a scenario means that American consumers will face much higher prices, a huge tax increase. Trump insists that this will be compensated through the draft law to limit the massive taxes – but progress was slow as the leaders of the Republican Party tried to work in the plan through Congress.
While he insists that he reduced the prices of basic commodities since he took office, this is often incorrect.
Trump's vision of himself as the master of the Erdrio, who runs the economy, indicates that even the times will be at the forefront. He suggested, for example, that he will be one responsible for setting goods prices. “We are a multi -section store, we specify the price,” Trump told Time. “Now, some countries may return and ask for an amendment, and I will think about it, but I will be basically, with great knowledge.”
Such an arbitrary system, in which one person determines the prices-not to mention that someone has a primitive understanding of the economy like Trump-will be a recipe for chaos and corruption, and the economic system based on bases that made the United States will destroy the world's greatest power.
“The United States was more than just a nation. It is a trademark,” billionaire investor Ken Griffin warned at the Global Economy Summit in Semafor last week. “It was an ambition for most of the world. We are eroding this brand now.”
