#TRUMP has shown that he is a bad poker player and has started to backtrack on some of his statements.
1⃣ He said he could fire Powell if he wanted to.
2⃣ He had tried to challenge the FED.
3⃣ He had tried to teach China a lesson through tariffs.
🟥 Due to these attitudes, global markets and the cryptocurrency market started to decline.
TRUMP did not receive the reactions he expected, and no one backed down. In today's statements:
1⃣ I have no intention of firing Powell.
2⃣ The Fed should act early and lower interest rates.
3⃣ The 145% tariff on China is going to drop significantly, but it won't be zero!.
He made a decision to pull back into a more logical and reasonable political arena. After Zelensky's stand, he seemed to think he could challenge the whole world, which is why he adopted such attitudes.
But those who remained calm have currently gained the upper hand against Trump.