The America-first White House doesn’t seem bothered by a last-place stock market. It didn’t take long for U.S. stocks to fall from global favorites to laggards. Just weeks into 2025, the S&P 500 has ceded its leadership to international indexes and no one in Washington has blinked.

The U.S. stock market has long been a standout performer on the global stage. However, recent data suggests that international stocks are making a comeback in 2025. So far this year, global equities have returned 7.

Trump’s apparent acknowledgement on Fox News that his policies, including tariffs, could cause a period of “transition” for the economy was also disturbing – since it appeared to indicate that short-term pain is in the offing and that he is prepared for a country weary of high prices for groceries and housing to endure it.

Donald Trump has introduced significant tariffs targeting major U.S. trading partners, marking a dramatic shift in trade policy.

However, President Trump has a quick and easy mechanism at his disposal to avoid a market meltdown. The Tonight Show host Jimmy Fallon joked this week, "It's not great when the summary of Trump's first two months in office is: stocks down,