The article focuses on the economic consequences of Donald Trump's second term as president. His swift implementation of policies, particularly trade wars and tariffs, destabilized the global economy, leading to market volatility and fears of a recession or even stagflation.
Initially, Trump might have enjoyed a political advantage, with economic issues blamed on the Biden administration. However, the immediate negative impact of his tariffs removed that possibility. The article emphasizes that Trump has made the current economic problems his responsibility.
The author points to declining approval ratings and negative public sentiment towards the direction of the country. The article suggests this will worsen as the effects of Trump's economic policies become clearer. The Republican party's close alignment with Trump also means they shoulder the blame.
The article concludes that Trump's actions have irrevocably altered the US economy, and the responsibility rests entirely with him and his administration. The political implications are also significant, with the opposition party benefitting from the current economic downturn.