President Trump shifted focus from tax cuts to tariffs, causing concern among investors and raising the prospects of higher prices for American consumers.
The decision to escalate the global trade war was criticized as costly and raised fears over worsening debt, harming voters, and impacting low-income families negatively.
The tepid market response to Trump's economic policies did not deter him from imposing new tariffs, including threats of 50% tariffs on the European Union and 25% on Apple.
Investors remain skeptical of Trump's economic vision, seeing risks of increased debt, higher borrowing costs, inflation, and an economic slowdown despite his promises of growth through tax cuts and tariffs.