President Trump's volatile economic policies are roiling markets and scaring investors. Does he care? Did Wall Street get President Trump wrong? On the campaign trail, he made plenty of comments that appealed to business leaders and investors. Lower taxes, lower prices, and less regulation. Having survived, in fact, thrived during Trump’s first term in office, they no longer feared Trump’s unpredictability. They overlooked his fixation on tariffs and his promises of mass deportations. Investors and business leaders alike are starting to realize they may have gotten Trump 2.0 wrong. President Trump has given Wall Street a reality check, now we’ll see if they wake up.

Watch the upcoming episode of GZERO World with Ian Bremmer on US public television this weekend (check local listings) and at gzeromedia.com/gzeroworld.

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Senator Flavio Bolsonaro, son of Brazil's former President Jair Bolsonaro, speaks during an interview with Reuters in Brasilia, Brazil, on December 19, 2025.
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Three years ago today, supporters of former Brazilian President Jair Bolsonaro stormed Congress and other buildings in Brasília. With Bolsonaro in jail, though, and the election coming in October, his successor as leader of Brazil’s right is unclear.