
Phyrex|Jul 02, 2025 08:50
In the recent week, the impact of the geopolitical conflict on the market has completely returned to the impact of monetary policy on the market. The conflict between Trump and Powell and Musk reflects Trump's demand for short-term economic stimulus, which is also the main driving force for the rise of the whole market. On the one hand, this demand is likely to balance the impact of tariffs, and on the other hand, Trump needs to make contributions to get rid of the very low support rate.
As of July 2025, Trump's approval rating remains at 43% to 45%, with a net approval rating of -7% to -10%, which is at a low level during his term. Since the launch of large-scale tariffs in April, support rates have continued to decline, and the tough immigration policies have also sparked a large number of protests, further lowering public opinion. But support remains solid among core Republican voters, with YouGov data showing that about 81% of MAGA supporters firmly support its tariff line. On the whole, Trump's support rate is obviously polarized, and the iron core is basically solid, but the loss of intermediate voters is serious, and the public has huge differences on its policies and governance style.
So this may be the main reason why Trump has to continue to be radical.
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