What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk.

  • Xerxos@lemmy.ml
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    3 days ago

    Yeah, like you can ‘expose fragility’ in a lot of things if you swing a sledge hammer.

    It needed an extremely dumb move to damage it.