Bond Market Revolt Signals Fading Confidence in US Economic Leadership

A bond market revolt is signaling fading confidence in US economic leadership, according to an opinion piece in the South China Morning Post. The article argues that the main consequence of President Donald Trump's reckless policy decisions, including surging debt and trade wars with Canada, has been self-harm. Two years ago, a trade war between the US and Canada, two of the world's most closely integrated economies, would have been unthinkable, but Trump's recklessness and capriciousness know no bounds. The piece contends that while the entire world is dealing with the geopolitical and economic fallout from Trump's second presidency, the biggest casualty—and the one that matters most to global markets—is the management of the US economy. The article highlights the bond market's reaction as a key indicator of eroding trust in US economic stewardship.