🇺🇸 How Trump's Tariffs Aim a Wrecking Ball at the Economy of the Americas
[long read]
Bloomberg reports that after weeks of threats, a North American trade war has erupted. Businesses and investors are bracing for the fallout.
📊Donald Trump’s move to invoke an emergency and impose tariffs on Canada, Mexico and China is the most extensive act of protectionism taken by a US president in almost a century. In what may be the biggest geopolitical and economic consequence, it swings a wrecking ball through the regional compact at the foundation of US global competitiveness and economic power.
📉The rapid escalation in trade tensions fueled a flight to haven assets as investors brace for the knock-on effects of Trump’s moves. The yields on 2-year US Treasuries rose while European and US stock futures slumped, the Canadian dollar sank to its weakest since 2003, while the euro extended its decline after Trump said tariffs on EU goods would “definitely happen.”
📈A dramatic reaction from financial markets on Monday might cause Trump to delay the imposition of tariffs and call for talks with Canada and Mexico. He might eventually also strike a deal with China. But in the end Trump is signaling again – and more forcefully than ever before – that he wants to remake the global economy and North America in his own particular way.
📎Treasury’s Elite Bond Dealers Will Struggle to Handle $50 Trillion Debt
📎Dollar Dominance Is the Key to US Debt and Deficits
📎America Still Leads the World in All the Ways That Matter
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© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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[long read]
Bloomberg reports that after weeks of threats, a North American trade war has erupted. Businesses and investors are bracing for the fallout.
📊Donald Trump’s move to invoke an emergency and impose tariffs on Canada, Mexico and China is the most extensive act of protectionism taken by a US president in almost a century. In what may be the biggest geopolitical and economic consequence, it swings a wrecking ball through the regional compact at the foundation of US global competitiveness and economic power.
📉The rapid escalation in trade tensions fueled a flight to haven assets as investors brace for the knock-on effects of Trump’s moves. The yields on 2-year US Treasuries rose while European and US stock futures slumped, the Canadian dollar sank to its weakest since 2003, while the euro extended its decline after Trump said tariffs on EU goods would “definitely happen.”
📈A dramatic reaction from financial markets on Monday might cause Trump to delay the imposition of tariffs and call for talks with Canada and Mexico. He might eventually also strike a deal with China. But in the end Trump is signaling again – and more forcefully than ever before – that he wants to remake the global economy and North America in his own particular way.
📎Treasury’s Elite Bond Dealers Will Struggle to Handle $50 Trillion Debt
📎Dollar Dominance Is the Key to US Debt and Deficits
📎America Still Leads the World in All the Ways That Matter
Read full:
⬇️⬇️⬇️
en review.uz/en/zmv
ru review.uz/zmv
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin