Deep Read: A Special Form of State Capitalism - How Trumpism is Economically Stumbling
Interventionism, protectionism, over-indebtedness - the state-capitalist approach of the US President is reaching its limits. Donald Trump's party is facing defeat in the midterm elections.
US President Donald Trump has given a speech in Fort Myers, Florida, ahead of the midterm elections. He claimed that he has led America out of a "dark hole" left by Joe Biden and that the country is now experiencing a "golden age". Trump warned that if the Democrats win the elections, the country will again experience high inflation rates, energy prices, and trade deficits, which he attributed to Biden.
The speech comes as polls suggest a Democratic victory in the elections for the House of Representatives and possibly the Senate. Trump was joined on stage by Florida Governor Ron DeSantis, Health Minister Robert F. Kennedy, and Finance Minister Scott Bessent.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
