The issue was market decline. I mentioned inflation, which was partly a result of low rates for too long. By continuing to spend trillions, Biden kept inflation higher than need be, even up to today the 2% target was never reached.
Bigger market dip in Covid 2020. Interest rates were kept too low, too long then markets rose but inflation higher by 2022.
Of course, Biden just kept spending on Build Back Butter, or some such dairy initiative.
Mainly USAID cuts for foreign projects. AIDS has been around for more than 40 years. Foreign aid and relief has been sent continuously for at least that period to poor countries, from the USA and Europe. Should a country like India not be able to handle their own problems by now?
The dollar was slipping before lib day. It is not tanking ... yet.
But Trump was clear before the election that he wanted the USD and interest rates down.
The OP story is bs.