Donald Trump
President of the United States
Donald Trump
President of the United States
As of April 2025, Donald Trump is serving his second, non-consecutive term as the 47th president of the United States after defeating Joe Biden in the 2024 election. His administration has enacted sweeping changes, including major staff cuts across federal agencies under the newly created Department of Government Efficiency, led by Elon Musk, and rolled back diversity initiatives while pushing hardline immigration and citizenship policies—many of which have sparked legal challenges and nationwide protests. On the global stage, Trump has reignited trade tensions with China by imposing high tariffs, prompting retaliatory measures and market instability. He has also initiated nuclear talks with Iran and continues to promote his “America First” doctrine. Amid his controversial return to power, Trump remains a polarizing figure, with recent developments even including scrutiny of Wikipedia's neutrality and online censorship concerns raised by its co-founder Larry Sanger.
Billionaires Betray Trump: Tariffs Trigger Massive Losses, 'Economic Nuclear War' Fears
- Wednesday, 09 April 2025
Dozens of high-profile investors and tech founders initially supported President Donald Trump, hoping for tax breaks, fewer regulations, and lowered inflation. However, after Trump's 10 percent tariff policy was implemented, some billionaires who backed him began to speak out against it, considering it an "act of war" that threatens America's financial and security dominance. They were shocked by the scale and rollout of the tariffs, which had a significant impact on their personal portfolios, including one Trump ally who lost $130 billion.