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.
No. Trump is destroying the solidness of the dollars value. That’s a very different thing than “exposing the fragility” of it.
But of course these fools in media can’t help but run cover for Trump, like he’s still playing 4D chess or some such nonsense, providing his actions with totally fabricated legitimacy.
Trump is a moron of epic proportions, full stop, and he does not know what he’s doing.
¿Por qué no los dos?
Because it’s not both.