Trump Discusses Stock Market Less Frequently, Focuses on Economics and Tariffs
Since his second term in office, President Trump has significantly decreased his social media mentions of the stock market. A study by JPMorgan strategist Antonin Delair reveals that only 10% of Trump's 126 social media posts since Election Day have addressed the market.
In his first term, Trump frequently commented on positive economic developments, including low unemployment, stock market growth, and new job creation. However, his current focus has shifted towards the debt ceiling, government spending efficiency, and tariff benefits.
While the stock market approaches record highs, Trump's attention has turned to other pressing matters such as the rising budget deficit, which reached $1.83 trillion in 2024. Elon Musk's DOGE (decentralized operations group for economic recovery) team has advocated for government efficiency, arguing that the balanced budget needs to be a bipartisan priority.
Trump's tariff policy has taken center stage, particularly with the 25% tariff on Canadian and Mexican steel and 10% tariff on Chinese imports. China has retaliated with tariffs on semiconductors and metals.
Recently, Trump agreed to postpone 25% tariffs on Canada and Mexico, but the potential for automotive tariffs remains a concern for automakers such as General Motors and Ford. Ford CEO Jim Farley warns that such tariffs would severely impact the industry, leading to job losses and higher prices for consumers.