Trump Shifts Focus from Booming Stock Market to Economic Challenges and Trade Policy
In a departure from his previous approach, former President Donald Trump has significantly reduced his social media mentions of the stock market since his second term began. A study by JPMorgan strategist Antonin Delair reveals that mentions of the stock market have "disappeared" from Trump's Truth Social posts.
Previously, Trump frequently touted positive economic developments, including lower unemployment, a higher stock market, and new factory openings. However, his recent focus has shifted to issues such as the debt ceiling, government spending, and trade policy.
Delair's analysis indicates that Trump's stock market-related posts have declined from 57% of his tweets during his first term to just one mention since his reelection. This shift may reflect the ongoing challenges facing the US economy, including a widening budget deficit and rising interest payments on federal debt.
Additionally, Trump has pursued a tariff policy that has drawn mixed reactions from the business community. The administration's tariffs on imported steel and Chinese goods have prompted retaliatory measures from China. Trump's proposed 25% tariffs on automobiles from Canada and Mexico have raised concerns among automakers.
Despite the stock market reaching near-record levels, it appears that other economic issues are consuming more of Trump's attention on social media.