#AltcoinETFsPostponed Donald Trump's 100-day mark in office for his second term as US President has been marked by significant economic shifts. Here's what's been happening:
- *Market Volatility*: The US stock market initially dropped around 10% due to uncertainty surrounding Trump's policies, but later rebounded with the S&P 500 seeing a five-day winning streak.
- *Currency Fluctuations*: The US dollar index (DXY) fell nearly 9% from mid-January to late April, hitting a three-year low, while gold prices surged, repeatedly breaking records and reaching $3,500 per ounce.
- *Trade Policies*: Trump's administration has maintained high tariffs on imported goods, particularly from China, with rates at 145%. This move aims to bolster domestic industries but has raised concerns about inflation and supply chain disruptions.
- *Economic Impact*: The GDP unexpectedly declined by 0.3% in the first quarter of 2025, sparking recession fears. Trump attributed this decline to the previous administration's policies.
- *Future Prospects*: Economists are divided on the outlook, with some predicting continued growth and others warning of stagflation due to high tariffs and potential trade wars.
Some key policies and reactions include ¹:
- *Tax Reductions*: Plans to reduce taxes on imported auto parts for domestic manufacturing.
- *China Relations*: China has compiled a list of US products exempt from retaliatory tariffs of 125%, indicating potential easing of trade tensions.
- *Global Economic Concerns*: Concerns about the impact of Trump's policies on global trade and economic stability.
