Trump’s Liz Truss moment: “It could be cataclysmic”
The News Agents
Tariff Turmoil: U.S. Economic Instability
This chapter explores China's decision to increase tariffs on U.S. goods to 84%, raising alarms about a potential financial crisis and the declining trust in the U.S. as a safe investment haven. It analyzes the consequences of weak Treasury auctions and hedge funds unwinding trades, drawing parallels to the UK’s economic turmoil under Liz Truss. The discussion emphasizes the precarious balance between political decisions and market dynamics, highlighting Trump’s trade policies and their potential for creating significant economic repercussions.
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