特朗普执政百日，场面混乱，美债危机步步紧逼！

Core Viewpoint - The impending $6.6 trillion U.S. debt crisis is a significant challenge for the Trump administration, with rising interest rates and global sell-offs complicating the situation [1][3]. Group 1: U.S. Debt Situation - The $6.6 trillion debt translates to approximately $18,000 per American citizen, highlighting the severity of the financial burden [1]. - Historically, the U.S. has managed large amounts of debt through a cycle of issuing new debt to pay off old debt, a practice that has been effective for over a century [3]. - The current financial landscape is different, with rising interest rates leading to a decrease in demand for U.S. debt, complicating the refinancing process [9]. Group 2: Trump's Economic Policies - Trump's initial efforts to reduce government spending included a failed audit initiative led by Elon Musk, which did not yield significant savings and resulted in increased debt [5]. - The introduction of a "golden card" for wealthy immigrants aimed to generate revenue but ultimately failed to attract buyers, further exacerbating the financial situation [7]. - Trump's trade policies, particularly the imposition of tariffs, have alienated allies and led to a decline in the value of the dollar, undermining confidence in U.S. debt [9][11]. Group 3: Market Reactions - The rise in U.S. debt interest rates to 5% indicates a lack of confidence among investors, leading to a sell-off of U.S. bonds [9]. - The Federal Reserve's independence has been tested as Trump pressures for lower interest rates, but the Fed remains unresponsive, causing further market instability [9]. - The global shift towards alternative currencies, such as the Chinese yuan, poses a threat to the dominance of the U.S. dollar, with countries increasingly opting for non-dollar transactions [11].