Summary
Donald Trump’s tariffs on Canada and Mexico have unsettled markets, sparking fears of a “Trumpcession.”
Investors, once hopeful for a U.S. “golden age,” are now wary of economic uncertainty caused by shifting trade policies, Musk’s disruptive government layoffs, and unclear fiscal strategies.
Businesses and consumers are hesitating on spending, weakening growth prospects.
U.S. consumer confidence has dropped, and concerns over the dollar’s status as a global reserve currency are emerging.
I really, really hope the term “Trumpcession” sticks. I would love those have this man’s name forever associated with failure.
It would be great if the entire GOP would be forced to wear it as well, but this is honestly much better than nothing at all, which is what I would have predicted. It’s a good start.