We’ve been spared financial Armageddon, but Trump’s tariff chaos is far from over
The bond markets’ ability to intimidate anybody survives intact, but the damage done by policy unpredictability will not be forgottenWall Street opens lower despite hopes that ‘well advanced’ trade talks will yield deals - business liveChina says Trump’s trade war ‘will end in failure’ as Beijing tariffs take effectA week ago we all asked where Donald Trump’s pain threshold lies when stock markets gagged on their first taste of the president’s tariff “medicine”. Now we have an answer: it is when selling spills into the US government bond market and there is intense talk of negative feedback loops and financial Armageddon.“The bond market is very tricky, I was watching it … people were getting a little queasy,” said Trump on Wednesday, understating matters wildly as he explained his tariff “pause”. Continue reading...
The bond markets’ ability to intimidate anybody survives intact, but the damage done by policy unpredictability will not be forgotten
- Wall Street opens lower despite hopes that ‘well advanced’ trade talks will yield deals - business live
- China says Trump’s trade war ‘will end in failure’ as Beijing tariffs take effect
A week ago we all asked where Donald Trump’s pain threshold lies when stock markets gagged on their first taste of the president’s tariff “medicine”. Now we have an answer: it is when selling spills into the US government bond market and there is intense talk of negative feedback loops and financial Armageddon.
“The bond market is very tricky, I was watching it … people were getting a little queasy,” said Trump on Wednesday, understating matters wildly as he explained his tariff “pause”. Continue reading...
