US dollars (photo: Lev Dolgachov / Alamy / Alamy / Profimedia)
The financial treatment intensifies on the financial markets, exacerbated by Donald Trump's refusal to return to his grotesque customs. Whatever they do in the coming days, the evil has already been done, writes the Swiss publication Le Temps in an opinion.
Massacre, purification, desolation … There are no lack of adjectives to describe this month on the world scholarships: -13.12% at Hong Kong, -7.34% in Shanghai, -5.16% in Zurich … In three days, IMMI, the emblematic index of the Swiss scholars 5 years. And the fact that Wall Street recovered in the middle of the session after opening the red does not change the dismay and exasperation of the financial actors.
From the famous financier Warren Buffett to the former secretary of the Treasury, Lawrence Summers, including the multimillionaire Bill Ackman, all expresses their anger in an attempt to reason the US President.
For now, nothing works. The White House leader does not intend to return to the colossal customs duties decreed on Wednesday. After attending a golf match in Florida, the Republican limited himself to say last night that “you have to take medicines to heal you.”
An imaginary patient
But what patient are we talking about exactly? The greatest economic power of the world, whose GDP increased by 2.8% last year? The one whose authorities managed to reduce inflation from 9.1% in June 2022 to 2.4% in September last year? There is something humiliating in witnessing the economic suicide of a nation, especially when it immerses the whole world in whirlwind.
No one controls the beast of Mar-A-Lago, the world is no longer away from one of those twists whose secret holds the Republican President. A pirouette that will inevitably turn into a “great” success.
Whatever happens, it will actually be a victory at Pirus. Frightened and without money, many investors will stay away from the United States in the coming months. The small American shareholders will reflect on the contempt that Donald Trump has towards them and will have every interest in remembering this in 2026, at the time of the elections in the middle of the term.
Because we can't fool. If the speculative funds are screaming now by counting their losses, Americans who save a little will pay much of the invoice, those who see how their savings are melted and whose pensions depend on the performance of the value market.
Many of them contributed to bring back to Washington the former real estate developer of customs duties, not seriously not opening his protectionist ambitions. Now he bites his hands bitterly. Although it is too early to know what will happen to its economic plan, it is already certain that Donald Trump will remain in anal because he has triggered the most useless and ridiculous financial crisis in history.
