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After the tariff shock, threat of a US bond market crisis looms
Planned tax cuts will blow out the fiscal deficit and debt, further denting confidence in the US Treasury market.
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The threat to the bond markets has now been heightened by an attempt by the Trump administration to push through an extension of its 2017 tax cuts.
PHOTO: REUTERS
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The Trump administration’s tariff war has morphed from its initial phase of shock and awe, featuring the highest tariffs in more than a century, to a series of negotiations with its trade partners which are likely to drag on for months.
But if the risk of outsized tariffs has ebbed – or at least been temporarily frozen
