As US President Donald Trump celebrates his 79th birthday from the White House, the world continues to grapple with the bold economic policies he implemented since returning to office earlier this year. These policies, which build on his first term, have significantly impacted global trade balances, leading to confrontations with China and the European Union, and reshaping supply chains and energy markets. Trump’s “America First” slogan has evolved into a permanent policy seen in renegotiating global trade agreements, imposing tariffs on China and the EU, and incentivizing local industries through tax exemptions and government support programs. Economists describe these actions as a “systematic earthquake,” not only boosting domestic growth but also redefining the global economic landscape. According to the International Monetary Fund, Trump’s stringent trade policies in 2025 may reduce global growth by 0.3% due to decreased trade and redirected investments. Domestically, the US market shows strong results with unemployment at its lowest since 2000 (3.4%) and the Nasdaq at record highs, driven by AI sector support and investments in industrial states that backed Trump. However, concerns remain about rising federal deficits and inflationary pressures despite Federal Reserve interventions. Trump has openly expressed dissatisfaction with high interest rates, pressuring the Federal Reserve. In his birthday speech, he reiterated calls for interest rate cuts, stating, “We are building a great economy, but we need support from the Federal Reserve, not the opposite.” With Trump back in the White House, the challenge to the global economic order persists. Global companies are repositioning, central banks are on high alert, and developing countries face complex scenarios due to dollar volatility and US tariffs. On his 79th birthday, Trump appears more influential than ever, reshaping the global economic map. Markets and financial institutions closely monitor his every move, anticipating a new chapter in the economic upheaval he initiated eight years ago.
— new from (CNN الاقتصادية)
