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Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk (www.theguardian.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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Summary

Donald Trump’s tariffs on Canada and Mexico have unsettled markets, sparking fears of a “Trumpcession.”

Investors, once hopeful for a U.S. “golden age,” are now wary of economic uncertainty caused by shifting trade policies, Musk’s disruptive government layoffs, and unclear fiscal strategies.

Businesses and consumers are hesitating on spending, weakening growth prospects.

U.S. consumer confidence has dropped, and concerns over the dollar’s status as a global reserve currency are emerging.

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[–] [email protected] 11 points 3 weeks ago

The American Oligarchs were promised by the GOP the destruction of free or low cost government provided services forcing American consumers to pay private corporations for the same services. Except entirely on brand for trump, he is providing the destruction without an intact American consumer base able to purchase any services from private companies.