Shocked, but not awesome in Trump's first 100 days

U.S. President Donald Trump spoke at a rally to commemorate his 100th day at Macomb Community College in Warren, Michigan, United States (April 29, 2025) at Macomb Community College in Warren, Michigan, United States.

Evelyn Hawkstan | Reuters

The term “shock and awe” is used to describe a military strategy that quickly dominates the opponent with initial overwhelming force and firepower.

The so-called opponent was left behind and unable to respond effectively, and the onlookers were surprised and impressed.

Now, U.S. President Donald Trump has certainly left a deep shock in the first 100 days of his presidency, absolutely hammering to trade ties, alliances, and even his own administration, but it's hard to say that it's impressed anyone.

New tariffs have questioned the U.S.’s former optimistic inflation outlook, while hostile stances against traditional allies, such as Canada and the NATO alliance, have ragged.

On top of that, despite the Trump administration’s failure to reach a trade deal – despite his claim to have completed “200 deals” (interesting fact: there are only 195 countries in the world), China is still fascinating, but the war in Ukraine is still hit. The president was also forced to return to his “reciprocal tariffs.”

In other words, Trump may want his first 100 days to be historically significant - they may be, but for all the wrong reasons.

— Lim Hui Jie

What you need to know today

Trump claims close to India's trade deal
Trump said on Tuesday that tariff negotiations with India were “going smoothly” and he believed the United States would reach a trade deal with the country. "I think we're going to have an agreement with India," Trump said in a brief speech to journalists outside the White House. "As you know, the Prime Minister was here three weeks ago, they wanted to reach an agreement." Treasury Secretary Scott Bessent said his comments were made after the United States was "very close to India."

Trump sign orders to ease some automatic tariffs
Trump signed an executive order on Tuesday to soften some of the auto tariffs his administration imposed on his administration earlier this month as the auto industry struggles to deal with regulatory uncertainty and additional costs. The 25% tariff on imported vehicles entering the U.S. will continue, but the new measures aim to reduce the overall tariff levels of vehicle imports caused by separate taxes, such as the 25% tariff on steel and aluminum - "stacked" to each other.

Climbing softer tariff stance in the market
The White House said a major trade deal is about to be announced and the U.S. market is rising. Blue chip Boulevard Jones Industrial Average climbed 0.75%, while the S&P 500 rose 0.58%, ending at 5,560.83. Both indexes have been the sixth consecutive positive day, marking the longest winning streak since July and the S&P 500 since November. The Nasdaq comprehensive comprehensive rate increased by 0.55%. In Europe, the STOXX 600 index temporarily closed 0.4%, with the utility and health care sectors bringing benefits.

Amazon fragments to show tariff fees after Trump complains about Bezos
Trump personally called Amazon founder Jeff Bezos to complain about a report that the online retail giant is considering showing U.S. tariff fees on its product list. Within hours of the call, Amazon publicly downplayed the scope of its plans and then announced it had been repealed.

Starbucks stock falls as sales disappointed
Starbucks reported weaker earnings on Tuesday, with same-store sales falling by another quarter, but the coffee giant said its turnaround strategy is showing early signs of success. Some of these adjustments include a reduction in plans to automate more coffee production and invest in the workforce, which puts revenues in the quarter seriously.

(PRO) Wednesday's key economic report shows how close the U.S. is to recession
A batch of high-risk economic reports expected to be presented on Wednesday showed that President Donald Trump charged high tariffs on U.S. trading partners in April, despite inflation eased.

at last...

Anton Petrus | Moment | Getty Images

Since Trump took office

President Donald Trump hopes the oil and gas industry to "drill, baby, drill" in pursuit of his energy advantage agenda, but companies involved in actual drilling and repairs were beaten during his first 100 days in office.

U.S. crude oil prices have fallen below $65 a barrel, more than 20% since Trump’s second term began, leaving many companies unprofitable to boost production.

Executives on the frontline of the U.S. shale oil boom have been severely criticized in an anonymous response to the same investigation by criticizing Trump's policies.

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