Reflecting on President Trump’s first 100 days and the president’s impact on the US economy, Steve Dunne, PhD Researcher & Associate Tutor at The University of Warwick, said:

“Across the opening 100 days of his second term, Trump has devastated – perhaps irreparably – economic confidence in the US.

“In the short term, decreased economic trust will prolong market volatility. April 3-4 saw the largest-ever two-day loss, as US$6.6 trillion (£5 trillion) was erased from US stocks. Trump’s tariffs are also expected to depress growth, both at home and abroad.

“In the longer-term, diminished economic trust will continue to weaken bond markets, hampering America’s ability to service its colossal national debt.

“Perhaps most significantly, declining global trust will accelerate processes of de-dollarisation and reduce reliance on the dollar as a reserve currency. De-dollarisation would leave the US economically marginalised in a more multipolar global economy.”