Between anxiety and frustration … the trauma of Americans from Trump’s economic decisions

The many transformations in President Donald Trump’s positions lead to many Americans, especially since he was elected thanks to his pledge to ensure economic prosperity.

Trump put forward the possibility of dismissing the Federal Reserve Chairman Jerome Powell before retreating, perhaps temporarily, and imposing customs duties on China to pledge later to calm down and reach a settlement.

American commercial fluctuations

“It is excluded that the American commercial fluctuations that he witnessed last month are as a result of planning of any kind, it was just an improvised decision after another,” said a professor of political science at Duke University, Joseph Greco, told AFP.

A poll of the Pew Research Center was conducted at the beginning of this April when Trump was already alleviating his commercial war against many countries to focus on China, that only 40% of the respondents supported his performance, in a decline in 7 points from February.

The center pointed out that with the exception of Bill Clinton and Trump, the rates of support for American presidents have long exceeded Ronald Reagan, 5% after their first 100 days in power.

But the center explained that the interest rates of Trump’s division, which defines the exploitation of its strengths, is largely equal to that registered in 2017 during the same period of its first presidential term.

The absence of a clear strategy

In the absence of a clear strategy for the White House, the global markets that rise and land with the issuance of any statement by Trump and senior officials in his management of trade or monetary policy.

These fluctuations raised the concern of millions of American investors, especially those who invested their retirement savings in stocks.

Fears increased when the president intensified his criticism of a height, describing him as a “failed” because he refused to reduce interest rates.

The attack on the independence of the central bank resulted in the landing of the markets, before Trump retreated and confirming on Tuesday that he had no intention to dismiss Powell.

The commercial confrontation path with China

Theoretically will be impossible to predict the commercial confrontation path with China, although Trump confirms that he will significantly reduce the 145% customs duties that he imposed on the second largest economy in the world.

According to a recently released poll by the Gallup Foundation, 53% of Americans believe that their personal financial situation will deteriorate.