As usual, US President Donald Trump as usual relies on self -shed. After a disturbing interview and a huge slip on Wall Street course, the president distracts from the crisis with a real post marathon about the truth and makes Elon Musk the central figure of a new debate.
Only the TV interview Trump’s TV interview with his former favorite Fox News During the weekend, investors shocked the global fairs. When asked whether the United States were confronted with a recession, the president did not want to give a clear answer.
As a result, the stock markets crashed: the S&P 500 fell by 2.7 percent, the Nasdaq even 4 percent, which meant the biggest loss of the day since September 2022. In general, since their peak in February, the markets have lost more than four trillion dollars in value.
Trump’s customs clubs scares investors
Experts in particular accuse Trump’s customs policy for uncertainty. The trade rates he has imposed on import from Canada, Mexico and Europe are afraid. Peter Orszag, CEO of the Investment Bank Lazard, warned during the Ceraweek conference in Houston: “If these tensions are not solved quickly, the serious consequences for the economic prospects could have.”
Trump’s mail fireworks
While investors are concerned about billions, the president goes on Monday afternoon. First he posted an article about the Prime Minister Keir Strandmer of Great Britain, followed by countless links to report that praised him.
While the London Stock Exchange then closed with a minus of 1.4 percent, Trump still did not deal with the economy, but with the arrest of a pro-Palestinian activist.
Reality show Statt Tesla-Crash
Even after the app’s conclusion, the president adhered to his strategy: while Tesla shares had experienced their worst day since 2020 and fell by 15 percent, Trump used his former reality show “The Apprentice” and attacked Canada as “customs abuse”. He later defended Tesla -Baas Elon Musk and claimed that “radical left” would boycott the company to harm Musk.
Trump: “Will buy brand new Tesla tomorrow”
Tesla is actually one of the biggest losers in current market errors. Analysts are particularly responsible for falling sales figures and production problems. The Trump government indirectly contributes to this: the president has measures from his predecessor Joe Biden, who should promote the sale of electric cars, and would stop planned investments in charging stations.
Nevertheless, Trump is demonstratively behind Musk. He announced: “I will buy a brand new Tesla tomorrow morning to show my support for Elon Musk.” Economic experts consider this to be pure symbolic politics. While Trump is the victim of a left -wing boycott, analysts see the problems, especially in business management and hard international competition.
White House tries to limit damage
While Trump continues to use self -adherence, the White House tries to smooth the waves. A government representative said to CNBC: “We see a strong discrepancy between the mood in the markets and the actual economic development.”
Michael Wolff, author of various Trump books, also revealed that many of the social media posts of the president do not come of themselves, but were written by his assistant Natalie Harp.
Is that the beginning of a “Trump approval”
While the markets slip away, one question remains one question: the current fall in the course is only a correction or the start of a real “Trumpkession” (American monitoring of Trump and Refression)-with accordingly devastating economic consequences for the United States. In any case, Trump will not be able to avoid the subject for too long.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
