Trump is shaking up the stock market — and can still prove naysayers wrong

Supporters of President Trump on Wall Street, who are numerous, were feeling optimistic. They were excited about a president who promised tax cuts, deregulation, and addressing political correctness on college campuses, including prestigious Ivy League schools that many of them attended.

However, the optimism took a hit with the initiation of a trade war. Many fear that Trump’s actions could not only disrupt the markets but also harm the economy and potentially jeopardize his presidency and the GOP’s control of Congress in the upcoming midterms.

There is concern that Trump’s tariffs could have long-lasting effects, with countries like China, Europe, Canada, and Mexico retaliating and trying to leverage the situation for their benefit.

Despite the pessimism, there is hope that Trump will negotiate better trade deals and that the economy will stabilize with his tax cuts and deregulation efforts.

However, there are worries that Trump may be influenced by advisers like Peter Navarro and Howard Lutnick, who advocate for protectionist policies that may not be beneficial in the long run.

Additionally, there are concerns about Treasury Secretary Scott Bessent not being able to influence Trump’s decision-making process, as he has a deep understanding of global markets and the potential consequences of trade barriers.

Ultimately, there is uncertainty about how Trump will handle the trade situation, with some hoping for a pragmatic approach and others fearing a more rigid stance that could have negative repercussions.

Only time will tell how Trump’s trade policies will impact the economy and whether negotiation or confrontation will prevail in his decision-making process.