Trump 2.0: Worries and Woes!

By: Reed Bethany

Narrated by: Virtual Voice

The Trump 2.0 Administration has imposed hundreds of tariffs and enacted many laws through presidential decree, most of which have been struck down by Federal courts as being unconstitutional, which has brought about some necessary and unnecessary chaos to Washington DC and US markets. In reality, most of it has been a great bunch of political theater that has imposed increased taxation on American citizens, harmed trade relationships and globalization, and made government bigger in conjunction with increasing an already extremely high national deficit. Liberation Day or April 2, 2025, resulted in freeing the world from the burden of trading with the US, buying our treasuries, and inserting fear into the US dollar, which next to the sanctions on Russia under the Biden Administration, will go down in American history as one of the most unintelligent acts ever performed by an American government. Globalization will always exist as we live in a world of specialization that is becoming increasingly high-tech and will continue to do so for the foreseeable future. We need globalization as it lowers costs, brings about an exchange of ideas and knowledge, and increases peace. There are many things that our trade partners do better than Americans, so it's best to bolster industries that we do well in and not inhibit sectors that we act as global leaders. The Trump 2.0 Administration should be working to get US tech and DeFi/Web 3.0 organizations through the Great Firewall of China and into every nation around the world. Increasing taxation on Americans via tariffs doesn't hurt anyone but US citizens as it has raised duties on goods that come from abroad on average from 3% to nearly 20% across the board. This has resulted in making Americans poorer, capital flight from the US, and impeding development in the tech, banking, and fintech industries as well as creating a great deal of uncertainty in our markets and fiscal planning of organizations across the US. It's been a highly cretinous exercise that appears to lack much-needed foresight and patriotism from the US Federal Government. We need to lower trade barriers, deregulate markets to make them more free, and create more innovative world-class business solutions that increase global trade, not the opposite. Onshoring jobs that people don't want in industries in which we are not competitive is highly unintelligent and unnecessary as it will weaken American industry, the dollar, our markets, and result in less domestic and foreign investment. The job of the Federal Government is to create a legal framework that makes the US more innovative and Americans more free, not to tax the citizenry similarly to controlled economies creating more poverty, weakening our currency, and negatively impacting job growth!

"It is true that power corrupts. The hope at the polling stations and the actions of the elected representatives, unfortunately, often turn out to be the opposite. The power of the ballot turns into the power of the wallet. Some law-makers become law-breakers." - Tsakhiagiin Elbegdorj