"Investors quickly understood that chaos was an essential tool in Trump's armoury. Almost as soon as he was inaugurated, there was a steady decline in the value of the dollar against other currencies."
"If you think that discouraging investors from buying assets in the US is a victory, then you don't believe in a growing economy, said Dario Perkins, the head of global research at the consultancy TS Lombard."
"Data from the Bureau of Labor Statistics shows that US companies, which were supposed to be the victors in Trump's new tariff war, stopped hiring almost as soon as liberation day was announced."
Donald Trump's declaration of liberation day on April 2, 2025, marked a significant shift in US economic policy, raising import tariffs and causing chaos in Washington. His administration's aggressive cuts to government jobs and defunding of aid agencies aimed to disrupt perceived inefficiencies. This turmoil resulted in a decline in the dollar's value as investors shifted assets abroad. Despite the US being home to the largest economy, job growth stalled, with significant losses reported in payroll employment following the tariff announcement.
Read at www.theguardian.com
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