Taiwanese writer Yan Mo published an article today, asserting that starting from the so-called "Liberation Day," Trump has suffered a major setback in just a week. His tariff stick is hanging but cannot fall, and the situation has reversed, as if he punched himself in the mouth. Because he never imagined that the market began to "sell off America," causing Trump's administration to feel like it has returned to the starting point overnight, which can be described as "one night back to liberation."
What is mentioned here as "selling off America" is not an exaggeration. After Trump implemented the "reciprocal tariffs," the US stock market led the plunge, with the stock market in a dire situation, many shareholders losing their capital, and investment institutions falling into panic. Even US Treasury bonds were not spared. Previously considered stable investment targets, these bonds are now being dumped by the market, causing bond prices to plummet dramatically. Even the US dollar, which has always been the world's currency hegemon, has lost its former strength and is continuously depreciating. This series of chain reactions is like a heavy hammer striking Trump's heart, making him tremble. This is also the key reason why his tariff policy had to make an emergency turn.
Previously, there were already many sharp comments pointing out that the shaking of market confidence in US Treasury bonds is no small matter. Shareholders, investment institutions, and other countries have gradually lost confidence in the United States. This collapse of trust brings incalculable losses, meaning that the long-established economic hegemony system of the United States is beginning to loosen, and the "American myth" is no longer invincible.
Source: https://www.toutiao.com/article/1829274293282953/
Disclaimer: The article only represents the author's personal views.