4 Articles
4 Articles
Pushing East Asia to hike defense could boomerang on Wall Street
For years now, the United States has justifiably wanted its allies to pick up a bigger share of the burden of their own defense. But as America now asks its partners to boost military spending to 5% of GDP, the sheer scale of these demands — especially on allies in East Asia — could push yields higher on U.S. Treasury bonds at a time when they are already under pressure by skeptical global bond investors and ratings agencies. Back in 2018, Presi…
Trump Pushes Allies Away and Into Each Other’s Arms
New York Times: “America’s closest allies are increasingly turning to each other to advance their interests, deepening their ties as the Trump administration challenges them with tariffs and other measures that are upending trade, diplomacy and defense.” “Concerned by shifting U.S. priorities under President Trump, some of America’s traditional partners on the world stage have spent the turbulent months since Mr. Trump’s January inauguration foc…
New trade deals. Joint sanctions against Israel. Military agreements. America’s closest allies increasingly turn to each other to advance their interests, deepening their ties as the Trump administration challenges them with tariffs and other measures that alter trade, diplomacy, and defense. Concerned about the shift in US priorities under President Trump, some of America’s traditional partners on the world stage have spent the turbulent months…
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