According to BlockBeats, on November 26, Katrina Ell, a senior economist at Moody's Analytics, said that Trump's announcement on social media to impose tariffs on major trading partners reminded people that his presidency could cause volatility to the market.
She pointed out that Trump was not prepared before announcing policies, which brought anxiety to the market. We cannot be sure when Trump's campaign promises will be fulfilled, but what is certain is that we are heading towards a high degree of uncertainty.
If countries like Mexico and Canada work things out, trade tensions could ease. But a show of strength could escalate things and Trump could double down, with bigger ripple effects for other economies.
