American exceptionalism are facing challenges
"The narrative of American exceptionalism has been prevailing in recent years, given the srong economic fundamentals including robust labor market as well as consumption.."
"Right now this kind of notion is facing challenges given stagflation fears bubble up as Trump tariffs take effect and economy is slowing down. Also a growth scare in the economy has accompanied worries over a resurgence in inflation, in turn potentially rekindling an ugly condition that the U.S. has not seen in 50 years.."
"Fears over “stagflation” have come as President Trump seems determined to slap tariffs on virtually anything that comes into the country at the same time that multiple indicators are pointing to a pullback in activity. That dual threat of higher prices and slower growth is causing anxiety among consumers, business leaders and policymakers.."
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