US President Donald Trump's economic policies are facing significant challenges, according to market experts like Ramesh Damani and Samir Arora. While Trump has made bold promises, including ramping up US oil production and taking a tough stance on trade with countries like China, the actual implementation of these policies is likely to be constrained by governance realities.

Damani pointed out that Trump's ambitious goal of increasing US crude oil production by three million barrels may be difficult to achieve, raising questions about the impact on global oil prices. Additionally, he criticized Trump's inconsistent approach to China, such as allowing a pause on the TikTok ban while still taking a tough position on Beijing. Damani also questioned Trump's opposition to Japan’s Nippon Steel Corp.'s acquisition of US Steel, considering Japan's status as a close US ally.

Samir Arora echoed these concerns, highlighting the lack of immediate action on tariffs after Trump’s election. Arora noted that the delay in implementing these tariffs suggested that they might be more of a negotiation tactic rather than a priority. Both experts agreed that uncertainty around US trade policy would continue to affect global markets.

Trump's promises during his campaign to reduce the US trade deficit with tariffs on foreign goods and services have shifted global trade dynamics towards more protectionist policies, a trend that Damani described as a move away from globalization.