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The economy ran up into a wall. That is the reason Trump won. People making what they regarded as reasonable money and could not afford rent, mortgage, car, education, day care, etc. The stimulus check papered it over but that ran out; so they went to credit cards, but that was maxed out and eventually ended up in phantom loans...that is Buy Now, Pay Later.
Trump has taken stock and realized that the US is running a trade deficit with almost everyone. That cannot continue. So he is now telling everyone that the US has no friends.
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