Trump's erratic trade policies, including new tariffs on key trading partners like Canada and India, pose significant risks to the global economy and U.S. consumers. Despite fears of economic collapse, the American economy has shown surprising resilience with recent growth figures indicating a 3% annualized rate. The stock market remains near record levels, only facing minor setbacks. However, concerns persist regarding Trump's manipulation of labor market data and the Federal Reserve, which could exacerbate economic volatility. Inflation rates, although rising slightly, remain below alarming levels seen during previous crises.
Trump's decision to hit US trading partners with new tariffs, including Canada, Brazil, India, and Taiwan, reignites a threat to the world economy.
Despite the chaos of the president's trade war, the stock market remains close to record levels, showing surprising resilience in the American economy.
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