The sharp market drop on Monday is undermining President Trump’s economic promises. In the run-up to the election, Trump gained a significant advantage over Kamala Harris by focusing on inflation and high prices. However, his trade wars are rattling the markets. His push for a more protectionist U.S. economy has reignited fears of a recession. Over the weekend, Trump’s remarks about a “painful transition period” in the economy turned existing concerns into full-blown panic. While he may attempt to calm the markets with new statements, it’s clear that he remains committed to transforming the American economy through tariffs and domestic production incentives.

On Jan. 21, 2025, United States President Donald Trump announced an unprecedented wave of investments in artificial intelligence (AI), marking a historic milestone in U.S. technological advancement. Trump declared a record-breaking $500 billion commitment to a coalition of AI companies, labeling the initiative “Stargate” and proclaiming that the U.S. was entering a new “golden age” during his second term. The announcement, titled “Stargate,” echoed the symbolism of past grandiose projects, such as President Ronald Reagan’s “Strategic Defense Initiative” (SDI), famously known as “Star Wars,” which aimed to challenge the Soviet Union during the Cold War era.