The economy puts the brakes on Trump

Donald Trump has always liked to use the stock market as a barometer of his success. The signals the market has emitted since his return to the White House have been discouraging the U.S. president’s administration, especially in terms of the trade war. It’s not just the stock market: the bond market and the dollar’s price have reflected the growing distrust in U.S. assets that Trump has generated. Along with the courts, the economy is taking charge of reining in some of the president’s decisions. Pressure from businesses and investors has led Trump to soften tariffs and appear more conciliatory toward China. Furthermore, a new market scare has led him to say he has no intention of firing Federal Reserve chair Jerome Powell, just days after calling for his dismissal.

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Fuente: El País