Donald Trump News: Does Trump want to ruin the global economy? He took these big decisions without thinking

Donald Trump News: After Donald Trump became the President of the United States again, many of his decisions have shaken the global economy. His unpredictable and often controversial decisions have raised the question whether Trump is really in the mood to destabilize the global economy? Steps like his reciprocal tariffs, which were first implemented and then postponed till August 1, reflect the uncertainty of his policies. Trump's way of negotiating seems to be focused on creating pressure rather than compromise. Let's take a look at some of his major decisions and understand their effects.

Trump's deal policy: Not compromise, but pressure

According to agency reports, for Trump "deal" does not mean the interests of both parties, but getting his terms accepted. Although, at times he backs down from his threats, but his style is permanently pressurizing. Trump has strengthened his grip on independent institutions, which has weakened the mechanisms that curb his power. Republican lawmakers in Congress fear primary challenges because of his support, and the judges he appoints to the Supreme Court strengthen his policies.

"I don't set deals, I decide them," Trump said recently on trade talks. His supporters believe his aggression is necessary amid attacks from Democrats, the courts and the media. For them, Trump is doing what he was elected to do. But critics say his authoritarian style is weakening the country's democratic structure. They say Trump's focus on deals is just an excuse to suppress opponents and increase power.

Attempt to control higher education

The Trump administration has also targeted higher education institutions. In April, Trump demanded changes in the governance and faculty of Harvard University. When Harvard opposed this, the Trump administration cut $2.2 billion in federal grants, which were important for Harvard's cancer, Parkinson's, space travel and pandemic research. In addition, Trump tried to ban 7,000 foreign students from studying at Harvard and threatened to strip the university of its tax-exempt status. Recently, his administration also sent subpoenas for student data.

Similarly, the University of Pennsylvania was stripped of $175 million in funding, but funding was restored after transgender swimmer Lia Thomas updated records and changed policies. Columbia University made changes to its Middle East Studies department after a $400 million cut. University of Virginia President James Ryan resigned after a diversity investigation. A similar investigation began at George Mason University on Thursday.

Attack on the independence of the Federal Reserve

Trump targeted Federal Reserve Chair Jerome Powell for not lowering interest rates. Lower interest rates could have made mortgages and auto loans cheaper and helped handle the increased debt from Trump's tax cuts. But Powell did not lower interest rates because Trump's tariffs threatened to increase inflation. Trump did not talk about sacking Powell, but put pressure on him to resign. His aides are also investigating the costly renovation of the Federal Reserve headquarters. Expert David Wessel says this could damage the credibility of the Federal Reserve.

Threat of tariffs instead of trade deals

Trump had planned to impose big tariffs in April to correct the import-export balance of the US. After the opposition of the markets, he gave a period of 90 days for negotiations. His adviser Peter Navarro set the target of "90 deals in 90 days". Some trade frameworks were made with the UK and Vietnam, but Trump's patience ran out. He sent letters to 24 countries and the European Union with tariff rates (such as 30% on Europe and Mexico), weakening the work of his own negotiators.

Trump also used the threat of tariffs to help political allies and influence the courts of other countries. He threatened Brazil with a 50% tariff if it did not withdraw the case against former President Jair Bolsonaro. Expert Inu Manak says Trump's inconsistent approach will reduce trust in America's intentions, especially with allies like Canada and South Korea, with whom it already has trade deals.