Last week witnessed a critical moment with the near collapse of the $29 trillion US government debt market, a development that jeopardizes both American and global financial stability. President Trump's prior boastfulness about leadership positions quickly gave way to a position of humiliation as he was forced to pause his heavy tariffs. This backlash exposed the complexities of his economic agenda and left the US unable to attract investment for upcoming debt needs. Meanwhile, Britain's and the EU's collective advantages need to be strategically utilized to navigate this pivotal moment, especially in counteracting China's growing influence.
The near collapse of the US$29tn market in government debt threatens the stability of the American financial system, showcasing the fragility of reliance on US debt.
Trump's tariffs, initially proclaimed as liberating, have backfired significantly, with markets forcing a critical pause and revealing the President's weakened position in geopolitical terms.
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