Trade Conflict Threatens America’s Financial Primacy

“Financial markets have flashed an ominous message this month about President Trump’s ambitious and improvisational bid to reshape global trade: Be careful what you wish for,” the Wall Street Journal reports.

“Volatility in Treasury markets and unexpected weakness in the dollar suggest that what began as a trade conflict could morph into a more dangerous ‘capital war.’ The clash threatens to raise U.S. borrowing costs by undermining Washington’s long-standing financial primacy, which for years has drawn trillions of dollars of foreign funds into the country.”