DOnald Trump loves money, billionaires and their compliments. The Barons of Silicon Valley, who were sitting in the first row for their inauguration ceremony on January 20, 2025, saved millions of dollars or compliments to obtain the promised tax cuts and deregulation. From the beginning, however, it has an obvious bone that within the various coalitions that led Trump to power, the Magician base and the technological titans do not share the same priorities.
In addition to fighting immigration and reducing inflation, Trump had promised “large and beautiful” tariffs. However, those of their first mandate had no disastrous consequences, hence the relative disinterest of the magnates on these issues. But this time, Trump has done everything possible, against the advice of all economists on the right and the left and the president of the Federal Reserve, despite the pressure of the industrialists and Elon Musk. Vice President JD Vance, meanwhile, has shown unwavering support for the president, but still is unclear in his priorities, wait for his disdain for the European Union.
The White House, through several statements on Tuesday, April 22, seemed to take into account the bad surveys and the chaos of the market by denying the plan to fire the president of the Fed, Jerome Powell, and recognizing that tariffs on Chinese products could level. And yet, the doubt has settled.
The violations of the law and the Constitution before the protests of April 5 had done little to change the status quo. Only civil officials dismissed in violation of their rights, unions and civil rights groups and freedoms have tasks of legal actions against illegal expulsions and the dismantling of agencies and services that Americans appreciate). But tariffs and their consequences in the stock market, on employment and retirement savings plans are shaking Trump voters and some moderate republican legislators. Frustrated, Musk called Peter Navarro, economic advisor of the president and main architect of his protectionist policy, “truly a moron” in X.
He has 67.54% of this article to read. The rest is only for subscribers.
]
