Trump's tariffs: a disturbing lesson for his second term

Trump's tariffs: a disturbing lesson for his second term

There is no plan.

America and the world have learned the scary lesson from a week of the unpredictable tariff war under Donald Trump, which could bring the second term of this president. The fate of the US economy, jobs and old-age provision of millions of people as well as global security could be disregarded at any time in the next four years due to the changeable moods and unchecked obsessions of the 47th president.

economic turbulence and uncertainties

This time it was a self -caused economic disaster. Next time it could be a national security crisis. On Wednesday, Trump partially distracted from his tariff attack - he paused the counter tariffs against dozens of nations and territories, as the serious economic consequences of his strategy assumed acute forms. But he usually made up for his impulsive step with another escalation - he increased the tariffs to Chinese imports to 125%. While an increase in the markets after days of the decline led to an upturn in the stock markets Nevertheless, plunge the United States into a recession.

confusion and contradictions in the White House

There are several ways to interpret the chaotic day on Wednesday when the White House conjured up a new reality in order to present Trump's embarrassing retreat as an act of great leadership. One could take the official version of the events for bare coin and believe that a variety of grateful foreign powers now offer attractive “deals” that benefit the USA - but at the expense of these countries. If this happens, Trump will have redesigned global trade like no other modern president and make major changes for voters.

or, as is often the case on Wall Street, one could believe that even Trump-who removed all limited influences from the white house of his second term-has a step back when the ground of the US economy threatened to break on Wednesday to avoid a disaster.

The truth in the bond market

The US state bonds are often considered the safest layout in the world because they are secured by the largest economy in the world, the invincible dollar and American creditworthiness. However, a sale of US state bonds in the past 48 hours triggered alarm calls on the effects of Trump's tariffs. In a figurative sense, investors sold the idea that the United States, for a long time a rock in the surf of the global economy, are now anything but safe. Its dwindling trust revealed how Trump's unpredictable style has transformed the United States from a bulwark of stability into one of the most destabilized influences.

The week of return to normality

Trump's reversal was all the more shocking when his top consultants-since his explanation of the "day of liberation" in relation to the trade wars-insisted that he would never soak back. In fact, on Monday after rumors, the stock exchange had increased over a 90-day customs break, and the White House described the report as "fake news". In a roller coaster week since the counter-tariffs announced, pensioners experienced the agony of seeing how their 401 (K) plans are disappearing. Some Americans were released while companies prepared for a possible recession. But as it turned out, all of this suffering shouldn't have been. Trump gave in after his game hadn't worked.

external uncertainty and internal contradictions

Farcical scenes took place in Washington. US trade officer Jamieson Greer spent a second day with it, to say before the Congress, while the White House insisted that this a trade "emergency position" that required unprecedented action. But during the hearing, he learned about the U -turn of his boss, which undermined his credibility in future trade talks.

Finance Minister Scott Bessent appeared after a meeting with Trump and insisted that the tariff increase . "It was the president's decision to wait until today," he said. "Nobody manages to get as much scope as President Trump." This crisis could indicate that Bessent-regarded by Wall Street as competent-prevailed towards Trump's larger fire fire junta. But shortly after Besent's statement, the President undermined his finance minister by clarifying that he would improvise again.