Dramatic sell-off of US government bonds as tariff war panic deepens
by Phillip Inman and Jasper Jolly from US news | The Guardian on (#6WGF3)
Falling demand suggests loss of financial confidence in US as Donald Trump escalates trade standoff with China
US government bonds, traditionally seen as one of the world's safest financial assets, are suffering a dramatic sell-off as Donald Trump's escalation of his tariff war with China sends panic through all sectors of the financial markets.
The falls suggest that as Trump's fresh wave of tariffs on dozens of economies came into force, including 104% levies against Chinese goods, investors are beginning to lose confidence in the US as a cornerstone of the global economy.
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