Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
www.theguardian.com Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollar
Summary
Donald Trump’s tariffs on Canada and Mexico have unsettled markets, sparking fears of a “Trumpcession.”
Investors, once hopeful for a U.S. “golden age,” are now wary of economic uncertainty caused by shifting trade policies, Musk’s disruptive government layoffs, and unclear fiscal strategies.
Businesses and consumers are hesitating on spending, weakening growth prospects.
U.S. consumer confidence has dropped, and concerns over the dollar’s status as a global reserve currency are emerging.
