Part 2/10:
Within the first three months of Trump's presidency, he unleashed what became known as the largest trade war in history. This commenced ominously on April 2, 2017, deemed "Liberation Day" by the administration. The stock markets reacted adversely with significant declines, erasing over $6.5 trillion in market value. Even allies like Elon Musk spoke out against these economic policies, highlighting a universal condemnation from investors and economists alike.
Despite the mounting backlash, Trump proceeded to issue 10% tariffs on a variety of goods from around the world, however, the exception being China, which faced even more severe tariffs. As the months progressed, it became evident that Trump's approach provoked a near-global response.