Wall Street sours on Trump

Wall Street made a mistake: its titans of finance and business didn’t believe that Donald Trump would really upend US economic policy. 
During the campaign and transition, they were thrilled about the big tax cuts and lax antitrust enforcement Trump could bring. The price? Some tariffs.
But they misread just how far the president would go [free to read 
He doesn’t care about rattling Wall Street the way he did during his first term. His escalating trade war has planted seeds of distrust and raised fears that financial modelling can’t predict what’s coming, more than a dozen investors and executives told the FT’s Antoine Gara, Amelia Pollard, James Fontanella-Khan and Eric Platt.
Investors and executives are now dealing with destabilised financial markets as the spectre of both higher inflation and a recession loom.

“We didn’t believe him. We assumed that someone in the administration that had an economic background would tell him that global tariffs were a bad idea,” said one Wall street executive.
“We are in for a roller-coaster ride.” . . .
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Redaktion GP / 16th April 2025