The United States’ economic anchor may never regain its former role under Donald Trump’s protectionist policies. The impact of his tariffs is being felt globally, with countries shifting their supply chains and pursuing alternative markets. Unlike the first Trump administration, which introduced smaller and more gradual tariffs, the current plans have been massive and abrupt, causing market turmoil.
In contrast to earlier efforts, which targeted specific goods like solar panels and aluminum, the latest tariffs are comprehensive and unprecedented in size. This has led to a significant decline in investor confidence, with many fleeing to buy safe U.S. Treasury bonds instead of seeking refuge in the US stock market. The current situation suggests that investors no longer view the US government as the safest bet, indicating a long-term crisis for the country’s economic standing.
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Source: https://www.theatlantic.com/ideas/archive/2025/04/trump-tariff-chaos-unfixable/682419