U.S. President #DonaldTrump is heading into two critical weeks. By July 4, he has pledged to pass a sweeping tax and budget reform, while the temporary tariff pause imposed in spring expires on July 9. He’s personally making all decisions — from new tariffs to Iran negotiations.
🤔 What’s happening:
⚫ The tax reform includes extended lower rates, business incentives, and Medicaid cuts
⚫ New #Tariffs could reach up to 10% for all countries, plus targeted duties on steel and aluminum
⚫ The global economy is at risk of recession — a “double hit” from tariffs and Iran tensions
⚫ Businesses are holding back — delaying investments and cutting spending
💭 Expert opinions:
“This is the political cost of excessive presidential power — all responsibility falls on him,” — Julian Zelizer, Princeton
“Companies can’t plan — uncertainty is paralyzing,” — Rita McGrath, Columbia Business School
“Recession is becoming more likely,” — Stephen Roach, former chief economist at Morgan Stanley