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Doubts over the durability of a MAGA‑Trump coalition highlight political risk that could sway US‑based investor sentiment and market stability

Executive summary: Historian Christina Morina warned that the MAGA‑Trump coalition may not survive and described US democracy as more endangered than Germany’s, while remaining hopeful the Trump era will end shortly. Political stability in the United States drives investor confidence, affects global market sentiment and can shape policy directions that impact multinational businesses.

Who is involved: Christina Morina (historian), references to the MAGA movement and Trump supporters, and the German‑business readership of Handelsblatt.

Likely next: Continued scrutiny of US partisan dynamics, possible shifts in voter alignment, and market reactions to any further signs of democratic strain.

Historian Christina Morina, after spending a year in the United States, argues that the MAGA‑Trump alliance may not endure and judges American democracy more fragile than Germany’s, while still expressing hope that the Trump era will pass soon. Her assessment is based on personal observation and comparative institutional analysis, not on partisan advocacy. The commentary underscores how perceptions of US political stability can influence confidence among global investors and policymakers.

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