Reported about 16 hours ago
Following Donald Trump's victory in the 2024 election, investors initially embraced the concept of 'American exceptionalism,' expecting the U.S. economy to excel. However, as Trump's trade policies and tariffs began to impact the economy negatively, U.S. stock performance lagged behind other nations. Economic indicators such as declining retail spending and rising unemployment claims have raised fears of a recession. Investors are now cautious as Trump's administration pursues tariffs, leading to increased costs for American consumers and companies.
Source: YAHOO