Wall Street Newspaper: US-China reach a quick agreement, America will still need to spend $2 trillion.
Donald Trump told supporters this week that these have been “the most successful first 100 days of any administration in the history of our country,” citing “many, many people.” What “successful” means and for whom determines a lot.
Anyone who owns stock or has a pension would find it difficult to disagree: Trump’s first days in office have caused stock market valuations to plummet by trillions, making them the lowest in over 50 years.
Trump’s harsh demeanour, rhetoric, and policy decisions have angered longtime allies as well as adversaries worldwide.
With little respect for international law, his administration has threatened to seize Canada, Greenland, and the Panama Canal.
In the White House, Volodymyr Zelenskyy was humiliated by Trump and his vice president, JD Vance. They have also compelled Ukraine to enter into a peace agreement whereby Moscow retains the seized regions and Ukraine provides Washington with access to its natural riches in exchange for no security guarantees.
It is noteworthy that the United Nations governments not only refused to endorse a resolution at the United Nations that was crafted by European governments with the backing of nearly 100 countries denouncing Russia’s invasion of Ukraine and endorsing the country’s territorial integrity but also voted against it.
We have been living through a significant change in global geopolitics without realizing it, despite the desire to hold Trump responsible for all of the world’s problems.
That includes the rise of China, but it also includes the rise of countries in Latin America, the Gulf, Sub-Saharan Africa, India, Indonesia, and Malaysia. Since the beginning of this century, the multi-polarity era has been forming.
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Andrew is a New York-based markets reporter at The Wall Street , covering the latest news from Wall Street, the rise of the spot bitcoin exchange-traded funds and updates on crypto markets. He is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. He holds BTC and ETH.
