In an appallingly misguided bid to “protect” American businesses, President Donald Trump has unleashed a tariff onslaught that has become a death knell for investor confidence. His disastrous imposition of a staggering 104% tariff on Chinese goods—followed by a tit-for-tat escalation—has sent shockwaves through global financial markets, triggering an unprecedented sell-off of U.S. government bonds. Over the past days, as the administration continued to escalate its aggressive trade war, yields on 10-year U.S. Treasuries have surged from a modest 3.9% to an eye-watering 4.5%—a level unseen since February. This dramatic spike is not just a technical blip; it signals a profound erosion of faith in what was once the world’s safest asset class. The fallout is clear: companies face soaring borrowing costs, and American taxpayers will eventually shoulder the burden of higher interest payments. Even more damning is the evidence that while ordinary investors are scrambling to mitigate their los...
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