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Trump’s Tariff Policies Trigger Economic Contraction and Market Uncertainty
Trump’s Tariff Policies Trigger Economic Contraction and Market Uncertainty
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U.S. GDP contracted in Q1 2024 for the first time in three years, with economists pointing to pre-tariff import surges as a primary cause. While hiring persists and inflation moderates, the Trump administration’s global trade wars have sharply eroded business and consumer confidence.
Financial markets reflect growing unease. The S&P 500 shows its weakest performance at this stage of any modern presidency, while the dollar’s decline outpaces previous administrations. This economic turbulence begins to unsettle the president’s CORE supporters who prioritized fiscal stability.
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