Jörg Jelinnek
April 29, 2025Advertisement
Donald Trump's trade policy caused global market turmoil, with the S&P 500 dropping over 10% and shedding trillions of dollars. Investors fear inflation and slowed economic growth, leading some companies to postpone investments into the US economy. The dollar hit a three-year low, reflecting uncertainty about government policy and the global economy. Trump’s attacks on Fed Chairman Jerome Powell further rattled markets as interest-rate disputes intensified. A Pew survey shows nearly 60% of Americans disapprove of Trump’s tariff policies, questioning his economic leadership.
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