Trump's "America First" may leave the United States behind

Southwest Airlines Boeing 737 departs from San Diego International Airport with the U.S. flag on April 20, 2025 in the prospect of San Diego, California, USA

Kevin Carter | Getty Images News | Getty Images

US President Donald Trump’s “America First” ideology, which generally takes precedence over international, depends on the assumption that the world needs America more than the world needs America.

It may be correct for the status quo. According to the World Trade Organization's global integrated trade solution, the United States is the largest importer and one of the largest exporters in the world.

But change is underway. Countries are looking for ways to respond to Trump’s nationalist gestures.

Southeast Asian countries that are hit by Trump’s tariffs are uniting to increase intraregional trade and diversify export destinations. After assessing the severity of the Trump threat, China appears ready to strengthen its fiscal stimulus.

This is not because the United States has a monopoly on all aspects of international affairs. China controls most of the supply chain of rare earth elements and key minerals such as nickel and copper. Trump's green light on deep-sea mining of these elements shows that the United States is catching up with China.

A “America First” policy may backfire because it drives other countries to take measures that may put the United States behind.

What you need to know today

Stock Win Week
The U.S. Major Index rose on Friday, ending the green week. this S&P 500 Friday rose 0.74% to mark its first four-day streak since January. this Nasdaq Composite Materials Advanced 1.26%, Dow Jones Industrial Average Up 0.05%. However, inventory futures are lower at local time. Regions in Europe Stoxx 600 The index rose 0.35% last Friday, earning daily earnings for the fourth consecutive time. UK FTSE 100 The 10th consecutive positive meeting ended 0.1%, extending its longest win since 2019.

China calls for more economic support
According to a Politburo meeting of CNBC Translator, China plans to help companies with "multiple measures" through "multiple measures" and requires "timely lower interest rates" to "increase external shocks." As the trade war between the United States and China heats up, the Politburo is the meeting of China's second-strongest political institution.

Trump signs order to boost deep-sea mining
U.S. President Donald Trump signed an exhaustive executive order on Thursday to begin a controversial deep-sea mining practice that uses heavy machinery to remove minerals and metals from the seabed. The move attempts to give the United States strategically important minerals such as nickel, copper and rare earth elements, thus offsetting China's dominance in key mineral supply chains.

Southeast Asian countries turn to each other
Asian countries that were export-oriented due to Trump's "reciprocity" tariffs and the subsequent U.S.-China trade war. China is one of the largest trading partners of these countries, while the United States is a strategic partner in areas such as defense and development. However, countries in the region are not choosing one party, but are developing their own economies and strengthening trade relations with each other.

(Pro) Focus on revenue and data
CNBC's Sarah Min noted that more than 180 companies in the S&P 500 reported their results this week, which was CNBC's Sarah Min's busiest period. Companies looking for include Meta Platform, Microsoft, Amazon, and Apple. Investors should also watch Wednesday’s personal consumption expenditure price index, as well as non-agricultural wages.

at last...

On April 24, 2025, guests and attend the IMF/World Bank Group Spring Meeting during the IMF/World Bank Group Spring Meeting.

Jim Watson | AFP | Getty Images

Inflation work is almost done, but tariff risk is imminent - what European Central Bank members said this week

CNBC spoke with European Central Bank policymakers at the World Bank and the International Monetary Fund's spring meeting this week, indicating they are seeing continued decline in interest rates and little risk of rising inflation in the euro zone.

"The dissolution process is already effective and we are about to complete it," said Christine Lagarde, president of the European Central Bank.

However, all of this emphasizes the current high levels of uncertainty, the need to keep monitoring data, and the high risk to the growth outlook. Lagarde, for example, warns that the world economy is experiencing a "shock" that will be "a decay on GDP."

"The uncertainty caused by the uncertainty caused by the unpredictability of the U.S. government's tariff action is a strong growth negative," said Klaas Knot, president of the Bank of China.