US President Donald Trump has said he may impose trade tariffs on countries that do not support his plans to take over Greenland.
“I may put a tariff on countries if they don’t go along with Greenland, because we need Greenland for national security,” Mr Trump said at the White House.
I feel ya, but the Trump administration expects that the global, local, and market response will be gradual. As soon as they start seeing quick responsive volatility that impacts Trump or his cronies, they TACO.
Given what’s happening with Venezuela, Greenland and the Fed Chair, I don’t know we’re not aggressively talking pulling out of US bonds and setting investment policy around that. That doesn’t have to be a gradual thing, it can happen swiftly.
People naturally started backing out of US bonds when Trump’s crazy tariffs started rolling out, and the Trump admin totally wussed out on a lot of that stuff.
Also, if the world is going to stop pegging their currencies to the dollar, they need to stop buying US bonds first. They need to diversify.