Trump Torches America’s Biggest Asset

Katie Martin: “We should be in no doubt now that Donald Trump is ripping up global markets. The only question is how far the rest of the world goes in using it against him.”

“We really should have seen it coming. Before Trump retook the White House a year ago, one of his key financial lieutenants, Stephen Miran, wrote a detailed if baffling paper about a so-called Mar-a-Lago Accord — a recognition that for the US, the global hegemon, everything is ‘intertwined.’ Trade, finance and defense are three legs of the same stool, and each can be used to reinforce the other in the interests of America First.”