Donald Trump aggravates the collapse of capitalism

By Daniel Campos- La Marx International

On April 2, 2025, U.S. President Donald Trump announced an increase in tariffs on products from all countries in the world. It baptized that day as "Liberation Day," but The Economist, an emblematic publication of imperialist-capitalism since 1843, baptized the day of Trump's announcements as "Ruination Day," because Trump's announcements unleashed a cataclysm in the stock markets globally.

The announcement caused the collapse of Wall Street and all the stock markets in the world, reflecting the horror of the ruling classes on a global scale. All the indices, the S&P 500, the Nasdaq, the Dow Jones, suffer a collapse showing the largest percentage losses in years and wiping out millions of dollars in value in one fell swoop. Global corporations such as JP Morgan, Goldman Sachs, Morgan Stanley, Bank of America, Citigroup, and multinationals such as Apple, Amazon, Nvidia, Meta, Tesla, Alphabet, Nike, Adidas, Puma, etc., are also collapsing. Oil, precious metals, gold, silver, and cryptocurrencies also plummet.

"It's a temporary fall..." said Donald Trump. But while the Trump administration seeks to sow calm, the reality is that the announcements have caused a global collapse, a panic, and the evaporation of trillions in assets, exposing the reality of the global crisis of capitalism. In no way is this a temporary crisis, on the contrary, it is an epididium of the world crisis of capitalism that has been going on for decades and was unleashed as a result of the bankruptcy of the Global Corporations that dominate the world economy in 2008. Global Corporations are the heart of capitalism, and this same crisis was aggravated by the failure of bailouts and bailouts, the response that global imperialism gave to the crisis.