Economic Impact
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Trump's tariffs and tax cuts for the wealthy are estimated to cost average households $1,600-$2,000 annually and reduce GDP by $110 billion per year, while the administration plans to increase the deficit by $800 billion annually.
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The SNP stock market index experienced its worst week ever, erasing all gains since the election due to Trump's irrational non-economic decisions on tariffs.
Global Dynamics
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Europe is becoming a more unified union, increasing military spending with stimulative and spillover effects, potentially becoming a credible opposing threat to the US economy.
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Elon Musk's $250 million donation to Trump's campaign led to a 75% drop in Tesla sales in Germany, 20-30% decline in other EU markets, and a loss of one-third of Tesla's value in the past month.
Corporate Behavior
- CEOs of major tech companies, including Linda Yarno of X, are intimidated into donating to Trump's campaign and inaugural events, demonstrating a domino of cowardice in the private sector.
Political Strategy
- Scott Galloway believes Trump's economic policies are a "weapon of mass distraction" to divert attention from the true damage to the US economy, which he claims will take 80 years to repair.