The hopes of us that the golden age will fade the golden age when investors take care of the 'Trumpzession' risk | Trump Administration

As soon as Tuesday, historical 25% tariffs for imports to the USA from Canada and Mexico when the Minister of Commerce Howard Lutnick come into force, suggested that politics could be soft. Hours later, Donald Trump told Congress that the tariffs “protect the soul of our country”.

They say it is the hope that brings them, but for investors who try to understand the economic policy of the Trump government, it is uncertainty.

The president promises a new “golden age”, but more skeptical analysts instead warn of the risks of a “trump movement”.

The president not only launched an extraordinary commercial game against neighbors, which increases retaliation tariffs from Canada and warnings of sharp price from US -American retailers from avocados to cars, but this confrontation is against a background to corrosive instability.

The tariffs were always on and again and again with measures against the EU, which are still in the works-when Trump's right man, Elon Musk, worked on reducing the German bureaucracy.

The direct effects of the “Department of Government Efficiency” (Doge) (Doge) so far from Musk's “Department of Government Efficiency).

As the US journalist Mike Masnick, who pursued the application of similar tactics in the tech industry, recorded in his Techdirt blog on Wednesday, investors who hoped that Trump policy would be in business are “a very expensive lesson about the difference between creative destruction and simply simple destruction”.

It is also unclear to what extent Trump will try to put the independent Federal Reserve under pressure if it urges lower interest rates.

These and other concerns -including questions about how the President will finance his Jumbo tax reduction plans, seem to have frightened the US shares in the past few days.

The United States is a huge and not very open economy (the trade was 24% of its GDP in 2023 in 2023, e.g.

However, if companies are more cautious about investments and consumers in terms of expenses due to the prevailing climate of uncertainty, this could have a greater influence.

In the latest report for supply administration report on the production of the institute for the manufacturer, for example, the respondents repeatedly referred to the lack of clarity in relation to tariffs. One transport company said: “Customers are pausing new orders due to uncertainties in relation to tariffs. There is no clear direction from the administration of how they are implemented. It is therefore more difficult to project how they affect business. “

According to the long-standing Conference Board Index, the US consumer confidence had headlines about tariffs last month that led to price increases and recorded its sharpest monthly decline since August 2021 last month.

In Great Britain, the Chancellor, Rachel Reeves, said that the British economy was violated by a G7 trade war, even if Trump is released from the tariffs.

The swirling fears about a potential US downturn also seem to weigh the dollar. Economists would usually expect the currency to strengthen the currency if tariffs are imposed, causing the increasing import costs. And global volatility usually prefers the currency of safe haven.

Despite the tariffs and the fear factor in the markets, the Greenback has declined on foreign exchangers. This prompted economists to ask what – until recently – asked an unthinkable question: Could the US currency lose its status as a global reserve currency?

Trump can still withdraw from the tariffs from the edge, as a result for concessions from Mexico and Canada and was able to tacitly draw up plans to punish the EU. But his entire Modus Operandi is worrying markets.

Until recently, many investors were obliged to make an optimistic narrative of “US amusement” and hoped that the President's plans for tax cuts and deregulation would extend the technically driven boom of the US tech. However, the exceptional body that Trump has delivered is not the way you were looking for.