this post was submitted on 21 Apr 2025
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BoycottUnitedStates

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Trump Has Exposed the Fragility of the Global Dollar System (jacobin.com)
submitted 4 months ago by tfm@europe.pub to c/BoycottUnitedStates@europe.pub
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cross-posted from: https://lemmy.dbzer0.com/post/42720192

What caused Donald Trump to walk back on many of his tariffs last week was not domestic pressure but a run on the market for US Treasuries led by large institutional savers. If US debt is no longer a safe asset, then American hegemony is also at risk.

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