Source: Orange County Register
by Veronique de Rugy
“When Donald Trump reentered office in 2025, he inherited a strong economy partly fueled by the possibility of lower taxes on capital, fewer overbearing regulations, energy abundance and the rise of AI. Instead of stewarding that prosperity and optimism, Trump quickly upended it through a reckless love affair with tariffs and a flair for insulting allies. The result is a shrinking economy and the biggest stock market drop of any early presidential administration since the Nixon era.” (04/30/25)