#加拿大推出SolanaETF Trump is really losing his temper this time!
The United States owes $34 trillion in foreign debt, and just the interest alone needs to be paid back $1 trillion every year, which is 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—threatening to impose a 60% tariff on Chinese goods, and even threatening to withdraw from the WTO and sanction European car companies!
This move is like playing with fire! On the surface, it seems tough towards the outside, but in reality, it’s self-harm. As soon as the news broke, the U.S. suffered first: 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 lower interest rates, saving $200 billion in interest payments, while also boosting housing and stock prices to please his backers.
But anyone with clear eyes can see that this move is full of holes! 70% of the U.S. stock market is made up of domestic investors; crashing the market is equivalent to cutting off their own financial lifeline. What’s even scarier is that if China and Japan stop buying U.S. debt, the U.S. government will immediately run out of funds. Someone like Powell, a veteran in finance, how could he possibly be scared by such threats? Monetary policy is not child's play.
In the end, this is just Trump bluffing. With the 2024 election approaching, does he really dare to collapse the economy? This gamble is clearly a losing game!