It\u2019s time to fashion a new global trade order without the US<\/p>\n
The game-changing geopolitical event last week was the near collapse of the immense $29tn \u00admarket in US government debt,<\/a> threatening the stability of the American and global financial system and the safe-haven status of dollar assets.<\/p>\n The US president boasted as the collapse unfolded that world leaders were queueing to \u201ckiss his arse\u201d. <\/strong> Twelve hours later, he was in the same humiliatingly weak position as the then British prime minister Liz Truss found herself after her tax-slashing \u201cmini-budget\u201d in 2022. The markets had forced him to pause for 90 days the swingeing range of \u201creciprocal\u201d tariffs that he announced on what he proclaimed \u201cliberation day\u201d; instead he lowered all of them, bar that on China, to 10%.<\/p>\n Continue reading…<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" It\u2019s time to fashion a new global trade order without the US The game-changing geopolitical event last week was the near collapse of the immense $29tn \u00admarket in US government debt, threatening the stability of the American and global financial system and the safe-haven status of dollar assets. The US president boasted as the collapse … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38630","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=38630"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/38630\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=38630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=38630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=38630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}