Wall Street loses patience with Trump
Investors, who once welcomed his election victory, are now fleeing the US markets and putting pressure on the president to reverse his most controversial measures
One of Donald Trump’s first reactions to Monday’s Wall Street meltdown was to announce that he would buy a new Tesla. The automaker’s shares were among the hardest hit of the day, having already lost more than half their value since their December highs due to poor sales, something the U.S. president attributes to a left-wing boycott of Elon Musk. The electric vehicle manufacturer’s fall is the most extreme indicator of what’s happening in the U.S. markets: they have been in recalculation mode for three weeks, since the record highs of February 19. “What if Trump’s term in office isn’t what we expected?” the money world seems to be starting to ask itself.
