#ILOVE$TRUMP
The policies and actions of President Donald Trump during his second term have had various significant impacts across multiple sectors, both domestically and internationally. Here are some of the latest analyses regarding these influences:
Trade and Tariff Policy
Trump plans to announce a new tariff policy called "Liberation Day", with an approach of "reciprocity". However, this approach is considered unclear and tends to be arbitrary, raising concerns about its implementation and its effects on the global economy.
Relations with International Allies
Trump's aggressive tactics towards US allies, such as the imposition of tariffs and economic threats, have increased distrust and pushed those countries to seek greater autonomy. For instance, the temporary suspension of intelligence sharing and arms supplies to Ukraine has prompted countries like France, Portugal, Canada, and Australia to reassess their dependence on the US defense system.
Immigration Policy and Law Enforcement
Recent reports indicate that the IRS is close to finalizing an agreement allowing ICE to access tax data to support the Trump administration's deportation agenda. This move raises significant concerns about potential abuse of power and violations of privacy rights.
Confrontation with the Legal System
Trump has escalated his attacks on the legal system by targeting judges who rule against him and instructing the Attorney General to penalize lawyers and law firms involved in litigation he deems baseless. This action raises concerns about the stability of the legal system and the balance of power within the US government.
Economic and Market Impacts
The imposition of new tariffs by Trump on Venezuelan oil and gas exports, referred to as 'secondary tariffs', has driven up oil prices. Additionally, a more flexible approach to upcoming tariffs has eased some investor concerns.