Inside 100 Days: How Trump’s Policies Pushed the US Economy to the Edge of Crisis | CNN Politics

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Trump’s First 100 Days Back: Economic Turmoil and Uncertain Futures

Donald Trump has returned to the Oval Office amid a chaotic economic landscape. Many Americans feel the pinch from rising grocery prices and are looking back fondly on the pre-pandemic economy of his earlier term. They hope he can restore affordability as promised for the upcoming November 2024 election.

However, Trump’s recent policies may do the opposite. Experts warn that these actions could lead to increased prices and shortages, leaving businesses and consumers in disarray. As he aims for a radical shift in both U.S. and global economies, his approach echoes a bygone era filled with “beautiful” tariffs, reminiscent of late 19th-century practices.

In just 100 days, the consequences of this approach are stark. Trillions have vanished from the stock market. Airlines are cutting flights, and major companies are slashing forecasts. The International Monetary Fund has lowered growth projections for the U.S. as businesses hesitate to hire, fearing the ripple effects of his tariffs.

President Trump seems to remain unfazed by growing public concerns. Recent reports indicate that consumer confidence is at its lowest since 1952, suggesting a looming recession. CNN’s Fear and Greed Index reflecting market emotions shows continuous signs of anxiety and fear.

Trump’s trade policy, which has raised legal questions, hinges on the notion that the U.S. has long been taken advantage of by other nations. His goal is straightforward: force open foreign markets for American products and encourage domestic manufacturing to revive struggling regions. While he claims many countries are eager for better deals, critics remain skeptical.

The stakes are high. Millions of American jobs could ride on the success or failure of this bold gamble. Right now, the American economy teeters on uncertainty, fueled by erratic tariff strategies that many economists believe will backfire.

A troubling reality is forming: Trump’s economic vision diverges significantly from traditional U.S. policies, moving away from the collaborative, leadership role that has maintained global peace for 80 years. His “America first” stance may further alienate U.S. allies, a development that many view as problematic.

Furthermore, Trump’s unpredictable behavior can shake market confidence. His criticisms of Federal Reserve Chairman Jerome Powell have damaged the perception of the U.S. as a stable economic refuge. Many experts believe that the demand for substantial interest rate cuts could worsen inflation, already exacerbated by his tariffs.

As Trump sets out to forge economic warfare, especially against China, the potential global implications are troubling. In a recent interview, Trump expressed strong confidence in American prosperity, suggesting that significant wealth is on the horizon. However, this enthusiasm contrasts sharply with the current economic downturn fueled by self-imposed tariff challenges.

Experts argue the looming storm is not due to external shocks like natural disasters or terrorist attacks, but rather a result of Trump’s own strategies. The inconsistency in imposing tariffs induces uncertainty, which has proven to be a recession trigger in the past.

Trump’s short term has already seen his approval ratings plunge to 41%, marking the lowest for any president during their initial 100 days in nearly 70 years. The public’s disapproval of his handling of the economy and inflation is alarming, indicating a disconnect between Trump’s goals and the reality experienced by everyday Americans.

Looking forward, many are questioning the plausibility of the administration’s promises for quick trade deals with countries like Japan, South Korea, and the European Union. Such agreements are typically intricate and lengthy, and unless outcomes align with Trump’s lofty expectations, these differences might destabilize his political standing.

Ultimately, if Trump’s strategy leads to growth without resulting in higher consumer prices, he could reshape economic norms. However, if these tariffs backfire, the consequences could fall squarely on his shoulders, marking a potential turning point in U.S. economic history.

As billionaire investor Ken Griffin recently noted, “The United States was more than just a nation. It’s a brand.” The risk of eroding that brand amid these turbulent policies could have lasting implications not just for the U.S., but for global markets as well.

For ongoing insights and context on this evolving narrative, see the latest reports by CNN and The International Monetary Fund.

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