Short-term pain will lead to long-term gain, says Trump. Really?

D ONALD TRUMP has been adept at finding euphemisms for the chaos. When both stocks and bonds sold off last week, fuelling concerns about financial stability, Mr Trump said it was a case of people “getting a little bit yippy”. After pausing some tariffs for 90 days, he said all the turbulence was merely “a transition cost” en route to the glorious reconstruction of the American economy. “In the end it’s going to be a beautiful thing,” he purred.

The currency’s dominance enables very high debts and deficits, meaning a plunge might spell disaster

As China strikes back, reality sets in

The world’s two biggest economies begin an almighty trade clash

As his policy turns on a dime, pity those tasked with justifying his actions

It has only just begun to use it

Chaotic markets threatened to trigger a full-blown crisis

https://www.economist.com/finance-and-economics/2025/04/14/short-term-pain-will-lead-to-long-term-gain-says-trump-really

A source: www.economist.com/finance-and-economics/2025/04/14/short-term-pain-will-lead-to-long-term-gain-says-trump-really