On 2 April, after years of blaming other trading partners for the US’ economic woes, Trump unleased a series of levies on dozens of countries, prompting a tit-for-tat response from one of its largest trading partners, China.
Trump’s ‘erratic’ policies push $22bn out of US equities in 21 days
This caused markets to tumble and recover from the fall several times, only to see a moment of respite as Trump pulled a break on most levies except for Beijing last week.
But US assets remain exposed to further vulnerability, which has so far been reflected in rising Treasury yields and declin…
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