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Trump and Musk’s twin ‘recessions’ are starting to rattle markets

Elon Musk and Donald Trump’s efforts to slash US government spending are starting to shift sentiment around overheated markets.

It’s getting hard to know where to look. We might have had a few days without tariff talk from US President Donald Trump, but the hits keep coming for investors.

There’s America’s staggering attempts to force Ukraine to hand over a big chunk of its critical minerals resources, as Trump seemingly gives in to Russian President Vladimir Putin’s demands to try to bring the three-year conflict there to a screaming halt.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/trump-and-musk-s-twin-recessions-are-starting-to-rattle-markets-20250225-p5lev1