The Fragile Core: US Treasuries, Market Stress and the New Politics of Safety

The Fragile Core: US Treasuries, Market Stress and the New Politics of Safety

In early April 2025, global markets were rocked not by a war or a banking crisis, but by a sudden escalation in trade protectionism. US President Donald Trump’s announcement of a sweeping 54% tariff on all Chinese imports triggered a sharp selloff in US Treasuries — ironically, the very assets to which investors traditionally turn for safety during uncertain times. Yields on ten-year Treasury notes surged past 4.5% for the first time since 2023.…

China braces for economic shock as the US unleashes sweeping tariff hikes

The White House has unveiled a sweeping new round of punitive tariffs on imports from China, with rates reaching as high as 245%. While not all products will be subject to the highest rate, the majority face significant tariff hikes, signaling a sharp escalation in trade tensions that could severely curtail Chinese exports to the US.