Bloomberg Businessweek

Trump Tariffs Upend the Investing Class

31 snips
Apr 9, 2025
Max Abelson, a finance reporter for Bloomberg News, dives into the economic impact of the Trump administration's tariff policies. He discusses how global financiers are increasingly worried about rising soured loans and canceled deals. Initially optimistic about Trump's potential to boost the stock market, financial leaders are now grappling with disillusionment due to his unpredictable decisions. Abelson sheds light on the shifting landscape, as experts reassess their strategies amid these turbulent economic times.
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INSIGHT

Unexpected Economic Fallout

  • Financiers globally are bracing for negative economic consequences due to the Trump administration's policies.
  • These consequences include soured loans, canceled deals, job losses, and paralyzed credit markets.
ANECDOTE

Misjudging Trump

  • Following the election, there was a widespread misjudgment of Trump's economic approach.
  • Many dismissed his chaotic tendencies and believed he would prioritize market stability.
INSIGHT

Disappointment and Anger

  • The financial elite are not shocked but rather annoyed and angry at the unforeseen economic downturn.
  • They feel misled by Trump's previous actions and statements regarding market priorities.
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