As Donald Trump approaches the 100-day mark of his second presidential term next Tuesday (April 29), markets have issued a harsh verdict on his aggressive policy moves. Since taking office on January 20, the S&P 500, Dow Jones, and Nasdaq have all posted significant declines, while the U.S. dollar index plummeted nearly 9%—one of the worst starts for a president this century. The sell-off reflects growing unease over Trump’s trade wars, including steep tariffs on Canada and Mexico, an executive order demanding "reciprocal tariffs," and relentless pressure on the Federal Reserve to cut rates—even hinting at replacing Chair Jerome Powell.
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The economic chill is spreading fast. The University of Michigan’s Consumer Sentiment Index nosedived to its lowest level since August 2022, down nearly 30% from its December peak. Meanwhile, major European pension funds are pulling back from U.S. investments, signaling eroding confidence in America’s stability as a financial safe haven. CNN reports that Trump’s trade policies are making the U.S. "a risky bet," with recession fears looming.
With global markets on edge, analysts warn that Trump’s combative approach could further destabilize the economy. The White House has yet to outline a clear strategy to reassure investors, leaving Wall Street bracing for more volatility ahead.
Source: sina/
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