Donald Trump has waged an often unpredictable campaign that has upended parts of the rules-based world order that Washington helped build from the ashes of World War II.

Prices were relatively stable in Trump’s first months in office. Yet the stock market erased trillions in household wealth, and consumers are worried about the looming impact of tariffs.

Donald Trump's second term has sparked global unease with his "America First" agenda, marked by tariff wars, strained alliances, and expansionist rhetoric. These actions have prompted allies to reconsider their reliance on the U.