$BTC Trump is really urgent this time!
The United States owes 34 trillion dollars in foreign debt, and just the interest alone requires a repayment of 1 trillion every year, equivalent to throwing away the money for 3 aircraft carriers every day. Seeing that the Federal Reserve refuses to lower interest rates, Trump has flipped the table — he announced plans to impose a 60% tariff on Chinese goods and even threatened to withdraw from the WTO and sanction European car manufacturers!
This move is simply playing with fire! On the surface, it appears to be a tough stance externally, but in reality, it is self-harm. As soon as the news broke, the U.S. was the first to suffer: the stock market plummeted, companies laid off workers, and the unemployment rate soared, with an economic crisis looming.
What is Trump calculating? He wants to force the Federal Reserve to cut interest rates, saving 200 billion in interest, while also boosting housing and stock prices to please his financial backers.
But anyone with common sense can see that this tactic is full of holes! 70% of the U.S. stock market consists of domestic investors; crashing the market is equivalent to cutting off their own financial lifeline. Even more frightening is that if China and Japan stop buying U.S. debt, the U.S. government will immediately run out of funds. How could someone like Powell, a seasoned financial veteran, be scared by such threats? Monetary policy is not a game.
In the end, Trump is just bluffing. With the 2024 election approaching, does he dare to truly collapse the economy? This gamble is clearly a losing game!