The stock market was jumped after Donald Trump was re -elected to the presidency last November, with the S&P 500 climbing at historically high and recording the largest post -election rally in its history. Market professionals, including an investor named Scott Bessed, then predicted that the good days had returned. “The last few days have demonstrated the undisputed acceptance of Trump’s 2.0 economic strategy by markets,” Besed had at that time. “Markets reflect expectations for higher growth, less volatility and less inflation and a revitalized economy for all Americans.”

These cases were based on the idea that Trump, although not the typical conservative, would adopt established approaches to the economy and markets. Less regulation, harsh agreements and lower taxes was on the program, and this in itself promised greater growth than the financial performance of the Biden Presidency. Or at least that was the argument.

Trump had announced stricter duties to the largest US trading partners during his election campaign, and analysts who received serious threats conducted investigations showing that his policies would reduce economic growth and personal incomes. But the imposition of a duty regime based on a war policy seemed so extreme for some Trump observers and allies, looking for other explanations. Trump’s chaotic political approach – according to which he would initially set a deadline for new duties and then suddenly back down – meant that he was not truly committed to his own agenda. The “table tennis” of duties was simply a trick of the “Great Dealmaker”, the dinner negotiator, in order to make other countries succumbing, his supporters said.

But times have changed. Trump announced a new round of sweeping, world duties last week and within two days the stock markets collapsed and $ 5.4 trillion of capitalization disappeared. Some on Wall Street now see Trump’s duty plans and the future with a clearer one.

“This is undoubtedly stupid,” said Jay Hatfield, CEO of Infrastructure Capital Advisors, at Bloomberg News at the weekend. He described the design of the duties presented by Trump last week as the “diagram of death” and predicted a disaster. “It’s a five -level fire,” he said. “There is no argument to declare a trade war.”

Anyone who hopes Trump will soon see light and change course may review his perception of the power of nature in front of him. Trump has been isolated from the consequences of his actions throughout his life and seems to be very interested in the financial backwater he has just created. He shared on social media a video showing a golf on the weekend, and a White House official told the Washington Post that the president, who is only in his third month of his second term, faces the burdens of an extremely profound job.

“He’s at the top and he doesn’t care about anything anymore,” the official noted. “Bad news? They don’t care. He will do whatever he wants. He will do what he promised his election campaign. “

The post also said it was Trump himself who chose the comedic “formula” used by his government to calculate the duties imposed on each country. According to this formula, Cambodia and Thailand were at the top of countries that are serious economic threats to the US and on the basis of it were imposed duties on uninhabited islands near Antarctica. This formula was only finalized three hours before its presentation last week.

Trump likened the imposition of his duties as a necessary medication that the world must undergo.

“The operation is over! “The prognosis is that the patient will be much stronger, larger, better and more durable than ever. MAKE AMERICAL GREAT AGAIN !!! “

Given Trump’s worldview, any reflection on his “strategy” is in vain and wondering “what is the government trying to achieve?” It is wrong movement. There is no strategy. Trump acts without strategy. But it has clear and long -term goals.

His primary goal is to resolve his displeasures with the world, not to draw meaningful or rational public policy. Many of his goals are based on excessive self -esteem or self -preservation. Many others are epidermal and unstable. Many of his ambitions are related to the revenge he seeks to get from people, institutions and organizations he considers to exploit himself, the country or his supporters. It has a long history to call America’s commercial partners, some of the nearest US allies, thieves and now has the power to do something about it.

I wish it were different. But I imagine that this trade war will worsen before the situation finally improves, simply because Trump has been choosing to let his home burn instead of admitting that he was wrong.

Republicans, in the midst of many internal conflicts, have not yet shown that they have the character and power they need to legalize Trump on the issue of duties. The president also rarely listens to his senior advisers, but even if he did, he would probably have no difference, because many of them are already ardent supporters of his duties.

Bessed, who left Wall Street to become finance minister, told interviews at the weekend that he was not seeing a recession on the horizon. He also added that Trump’s duties had already been delayed and that he and the government are in no hurry to conclude new agreements with the countries targeted by the White House because – as he said – they have been exploiting the US for a long time.

The White House of Trump will also continue to spread false mathematical formulas, random historical reasoning and false news in order to keep analysts and critics at a distance.

One colleague cited the “Brandolini Law” last week to describe how difficult it will be for the world to refute such an aggressive misinformation campaign. The “law”, invented by a computer programmer named Alberto Brandolini, essentially says that “the amount of energy needed to refute nonsense is a magnitude of a magnitude greater than what is needed to produce.”

But time will show. The recession is not prevented by aggressive communication. And an economic downturn – especially if Trump has caused it unnecessarily – will affect the life, work and political preferences of voters ahead of the US intermediate elections.

Trump would do well to remember this while playing golf.