$BTC Trump is really desperate this time!
The United States has a foreign debt of 34 trillion dollars, and just the interest alone needs to be paid back 1 trillion a year, which is equivalent to throwing away the cost of 3 aircraft carriers every day. Seeing that the Federal Reserve refuses to cut interest rates, Trump has flipped the table—declaring that he will impose a 60% tariff on Chinese goods, and even threatening to withdraw from the WTO and sanction European car manufacturers!
This move is simply playing with fire! On the surface, it appears to be tough on the outside, but in reality, it is self-harm. Once the news broke, the United States was the first to suffer: the stock market plummeted, companies laid off employees, and unemployment rates soared, with an economic crisis on the verge of breaking out. What is Trump trying to calculate? He wants to force the Federal Reserve to cut interest rates to save 200 billion in interest payments, while also boosting housing and stock prices to please his financial backers.
But anyone with clear eyes can see that this move has numerous loopholes! 70% of the U.S. stock market is made up of domestic investors, so crashing the market is equivalent to cutting off their own financial lifeline. What’s even more terrifying is that if China and Japan stop buying U.S. Treasury bonds, the U.S. government will immediately run out of funds. Powell, a seasoned financial veteran, how could he possibly be intimidated by such threats? Monetary policy is not a child's game.
In the end, Trump is just bluffing. With the 2024 election approaching, does he really dare to crash the economy? This gamble is obviously a sure loss!