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Mutual Attacks
The past 24 hours are estimated to have been the hardest day for Trump.
Firstly, it's the mutual attacks between former close friends—Musk publicly blasted President Trump, leading to a fierce war of words on social media that shook the market. Musk also linked Trump to the Epstein scandal.
Secondly, a U.S. judge blocked the Trump administration’s plan to impose visa restrictions on international students at Harvard University, causing a setback in their plans.
Thirdly, there are constant variables in tariff negotiations; however, the impact of tariffs has already become apparent. Data shows that in May, the U.S. private sector added 37,000 jobs, significantly slowing from 60,000 in April and far below the market forecast of 115,000. At the same time, tariffs have caused U.S. import volumes to hit a historical low.
Firstly, it's the mutual attacks between former close friends—Musk publicly blasted President Trump, leading to a fierce war of words on social media that shook the market. Musk also linked Trump to the Epstein scandal.
Secondly, a U.S. judge blocked the Trump administration’s plan to impose visa restrictions on international students at Harvard University, causing a setback in their plans.
Thirdly, there are constant variables in tariff negotiations; however, the impact of tariffs has already become apparent. Data shows that in May, the U.S. private sector added 37,000 jobs, significantly slowing from 60,000 in April and far below the market forecast of 115,000. At the same time, tariffs have caused U.S. import volumes to hit a historical low.
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