Trump 100 Days of Economic Failure
Since Trump took office, many people have been waiting for an economic breakthrough, especially in the crypto market, but after 100 days, the reality was quite different.
The decision to appoint a new head of the SEC against cryptocurrencies caused Bitcoin to suddenly drop and increased anxiety in the market, leading many projects to freeze their investment funds.
Trump promised to inject a trillion dollars into infrastructure, but no major projects have actually started, and construction companies are beginning to worry and halt investments. The financial market started with optimism, but after trade threats with China, the S&P index fell by 3%.
New industrial jobs were only 15,000, but despite promises to bring back factories, this number is weak compared to ambitions. Government spending increased without clear funding, and the deficit jumped to 700 billion dollars.
There were also failures in secondary files, such as the immigration issue, which saw conflicting decisions, and withdrawing America from the Paris Climate Agreement undermined the confidence of renewable energy companies.
After 100 days of Trump's rule, almost all sectors, from crypto to the stock market to industry, felt instability, and the market does not understand the direction of policies.
If the situation continues like this, confidence will diminish further, and investors will continue to withdraw from the markets, making any attempt at real economic reform more difficult.