Trump revealed that he "deliberately" crashed the stock market? Nearly $6 trillion evaporated globally in the past two days, and large-scale demonstrations have occurred across the United States!
Recently, Trump forwarded a fan-made video on Truth Social, in which he personally admitted that the stock market crash he was causing was "deliberate" and tried to defend the tariff policy, claiming that it would benefit the American middle class. However, a Yale University study showed that the policy could increase the cost of living for each American household by $3,800 per year.
Trump's move came at a time when his "reciprocal tariff" policy caused severe fluctuations in the global market. According to AJ Bell's analysis, the value of global stocks has evaporated by about $4.9 trillion, and the Financial Times estimates that the US stock market has shrunk by as much as $5.9 trillion in the past two days. The three major US stock indices all fell by more than 5%, and the European market was not spared and fell across the board.
In his post, Trump acknowledged that the tariff policy has caused global market turmoil, but called on the public to remain patient, calling it an "economic revolution" that will eventually bring "historic" results, and emphasized that the United States is revitalizing jobs and business in an unprecedented way.
However, economists have questioned Trump's tariff policy. Yale University analysis shows that the new tariffs may cause the US inflation rate to rise by 2.3%, agricultural product prices to rise by 4%, and car prices to soar by 8.4%, equivalent to an additional burden of $3,800 per household.
This is not the first time that the Trump administration has caused market turmoil due to economic policies. As early as March, its tariff policy caused the S&P 500 and Nasdaq to fall, and the number of corporate bankruptcies hit a 15-year high. At that time, Trump also adopted the rhetoric of a "transition period", but the market reaction showed that investors were increasingly losing confidence in his economic management capabilities.
At present, more than 1,300 protests have broken out across the United States to oppose Trump's "reciprocal tariffs" that have caused the cost of living of its citizens to soar. It is said that his so-called "break first and then build" economic strategy has further exacerbated market fluctuations and triggered widespread public opinion controversy.
Do you understand this wave of "destroy first and then build" unconventional economic policies? Do you think this kind of "self-destructive economic war" can really save the US economy?
#特朗普经济战 #关税大战 #美股过山车