Institution: Global capital confidence in the United States declines, economic growth expected to be under pressure.

Economists from Swiss Reinsurance Company have stated that the volatility of trade policy during Trump's presidency has weakened global capital's confidence in the US government and reduced the US assets' status as a safe haven for global capital. They point out that tariffs will cause stagflation shocks to the US due to inefficient global supply chains and increased protectionism in domestic industries. Chief economist Jerome Haegeli stated that American consumers will be hit hardest by the tariff policy, leading them to cut back on expenses due to rising prices. This in turn will put pressure on US economic growth, which relies on household consumption. The US GDP growth rate for this year is expected to be 1.5%, lower than the 2.8% projected for 2024.