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Trump's Chaotic Return: Economic Turmoil, Musk's Troubles, and Global Friction

In his first 50 days back in office, Donald Trump's policies have triggered economic instability, strained alliances, and intensified public backlash against his administration and key ally Elon Musk.

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Overview

  • U.S. markets face significant downturns, with Federal Reserve projections indicating a potential 2.4% GDP contraction in Q1 2025, dubbed the 'Trumpcession.'
  • Elon Musk, a central figure in Trump's administration, faces mounting criticism as Tesla's stock plummets by 38% since January, and SpaceX suffers repeated test failures.
  • Trump's tariff policies and erratic economic decisions have led to rising consumer prices, including record-high egg costs, undermining his campaign promises to curb inflation.
  • International relations are strained as Trump's pro-Putin stance, failed Gaza resettlement plans, and aggressive rhetoric toward Canada provoke widespread criticism and resistance.
  • Domestically, controversial decisions, including RFK Jr.'s appointment as health secretary and mass federal layoffs through Musk's DOGE agency, have sparked legal challenges and public unrest.