Trump's 'State of the Union' and the instability of the global economy
This first speech of President Trump's second term is very significant. Usually, in this speech, the president presents his plans for the next one year and a picture of the current state of the country. However, this time the context is different.
1. What could be the main goal of the speech?
It is assumed that Trump will promote the 'America First' policy more strongly in his speech. His main focus may be:
Increasing domestic production.
Border security and immigration policy.
And the most controversial issue—new trade tariffs.
2. New tariffs and instability in global markets
Trump recently announced high tariffs on various imported products. Its effects are already visible:
Stock markets: Major stock indices around the world are experiencing huge fluctuations. Investors are suffering from uncertainty.
Trade War: Tensions have begun in trade relations with China, the European Union and even neighboring countries. Many see this as a sign of a new 'trade war' or trade war.
Inflation: According to analysts, additional tariffs may increase the price of goods, which will directly affect ordinary consumers.
"When trade tariffs become just a political tool, ordinary people have to pay the price—be it in America or in other parts of the world."
3. Its impact on geopolitics
Trump's tough stance could cause a rift in US relations with allied countries. Many countries have warned of imposing retaliatory tariffs. As a result, there is a risk of global economic polarization.
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