Donald Trump and his team of economic advisers are advancing in an attempt to radically reshape the US economy from the consumption giant with a major trade deficit in the manufacturing power.

The economic axis, which focused on aggression Definitions We retracted government spending, has sent us various stocks and paid concerns about the potential slowdown in the world’s largest economy. But in recent days, Trump insisted that he would press forward.

“The markets will decrease and will decrease, but you know what, we have to rebuild our country,” the president said on Tuesday.

In a letter to the leaders of the major American companies that were designed against the largest trading partners in America, they added to the promotion of local jobs and industrial production: “The biggest victory is if [businesses] Go to our country and produce jobs. This is a greater victory than the definitions themselves. ”

White House journalist Caroline Levitte said on Tuesday that the Trump administration had started “economic transition.”

Levitte said: “The president is not shaken in his commitment to restore American industrialization and global domination,” she pledged that “the last world era in America ends” and will be replaced by “the first economic agenda of America.”

Trump exploited a cadre of former business leaders to direct him economic efforts. But compared to its first term, the new team is missing, like the chief operational officer of Goldman Sachs, Gary Cohen and former Treasury Secretary Stephen Mnuchin to alleviate the excesses of economic shock treatment.

Instead, senior officials supported the president’s message that the United States may need a period of recession before they earn what they claim to be the great benefits of Trump scientists.

“There are still” many reasons for behaving about moving forward in the economy “and that any slowdown in the first quarter of this year was the result of” Peter in Data. “

Notes from Treasury Secretary Scott Bessin – the former hedge fund manager initially welcomed by Wall Street as a moderate effect – that the American economy will need a “period of detoxification” and that there is no longer a “Trump situation” that prevents shares in stocks.

“Their approach is that you cannot make an omelet without breaking some eggs first,” said Paul Mortimer Lee, an economist at the National Institute for Economic and Social Research. Trump has always said that there will be pain before there is a gain. I think at some point he will close. if [stock markets] It decreased by 20 percent, there will be someone blame, someone will get the bag. “

In November, Bessent also supported another large -scale view between the Trump Economic Team – that Washington should push countries with large trade surpluses with the United States to search for “Bretton Woods Reinigns” and link their currencies at a higher level against the dollar. If they do not do that, they will not be seen as allies and face the customs tariffs and ensure fewer security guarantees.

While Cohn publicly stood against the customs tariff during his period as President of the National Economic Council, and eventually resigned in March 2018 after losing a battle against Five steel and aluminum, the current Trump consultants tend to maintain any disputes over private trade policies.

The differences in the approach – such as the position of the most moderate moderate Lottenic and the idea of ​​Pesin on any tariff that is gradually presented – remained behind the scenes largely, even when the markets retreated and the banks of Wall Street lower their growth expectations.

That delivered more power to Trump loyalists like Peter NavarroA strong supporter of aggressive trade policy, who has often fought to turn his views into a policy during the first administration.

The height of the most radical figures during the term of the second president helped to transform the initial bump in stocks, amid promises of tax discounts and the abolition of rapid restrictions, In defeat While investors wake up to the fierce management of the administration to move forward in its agenda.

The uncertainty that has been neglected due to the possibility of more collective tariffs on Mexico and Canada, has paid two of the largest trade partners in the United States, as well as fees on the European Union and other traditional allies, selling the stock market.

“like [businesses and investors] “They have started to see the effects they are going through, they realize that these definitions are really fatal.” “They are in the exactly opposite direction to everything that brought prosperity in the full period of 80 years since World War II.”

The climate of uncertainty surrounding the new administration also leads the markets to guessing after that, as investors have put potential risks from many unconventional policies offered by his economic team.

Lootnick said earlier this month that he is considering tearing government spending from the accounts of the Ministry of Commerce to the gross domestic product to alleviate the impact of Elon Musk’s attempts to curb federal spending on American growth through the so -called billionaire from the Ministry of Governmental efficiency.

“We have seen, not the least in the collapse of internal investment in China, how frustrated of confidence if people lose confidence, including in data,” Luilin said. “People believe that the authorities should hide something, and therefore the economy should be good.”

The market speculation also sparked the so-called St. Lago-a idea that you dream of late last year by the President of the Economic Advisers in Trump, Stephen Miran, to weaken the dollar-fears about the administration’s understanding of the complications of the American treasury market.

Mahmoud Bradhan, the global head of the macro at Amundi Asset Management, said that the idea of ​​Miran is the November paper – that the countries receive their current US government debts in exchange for century bonds and security guarantees – “they can be seen by classification agencies as technical backwardness.”

Some believe that the idea of ​​agreement to weaken the dollar, which – as proposed by Miran and Pesin – aims to reflect a previous agreement signed at the Plaza Hotel in New York in 1985, is to think of wishing for an environment in which the American administration destroys its relationship not only with the markets, but also with foreign governments.

For the square [Accord] Of course, we had [James] Baker and [Ronald] Reagan and they were artists in the formation of friendships and influence on people. Steve Hank, professor of applied economics at Johns Hopkins University who served under Reagan management, said. “I can’t really think about any country now, except for Argentina, which is very friendly with the United States.”

Hank added, “The idea of ​​collecting the gang together? I mean, can you imagine that China agrees with it?”

Participated in additional reports by Steve Chavez in Washington; Data is visualized by Oliver Roider in London