Trump's trade war has caused global economic turmoil

The trade war provoked by the Trump administration is pushing the global economy into a turbulent abyss. Recently, the Canadian government, in conjunction with investment institutions, sold up to $400 billion of US treasuries. This move is like a heavy bomb, causing violent turbulence in the global financial markets.
 
Canada sells US bonds, putting pressure on the US economy
The scale of the U.S. Treasury bonds sold by Canada this time is equivalent to the market value of three Alibabas, causing a huge impact on the U.S. dollar exchange rate and the U.S. Treasury market. The U.S. dollar depreciates, purchasing power decreases, the wallets of the American people shrink accordingly, Wall Street is in panic, the Dow Jones index plummets, and the retirement accounts of countless Americans shrink significantly.
 
Trade war backfires on the United States, causing a surge in the cost of living for the people
The Trump administration originally hoped to protect the U.S. manufacturing industry by imposing tariffs, but it backfired, leading to increased production costs for American companies, overall price hikes, and a sharp rise in the cost of living for the general public.
 
The global de-dollarization is accelerating, and RMB assets are favored.
Canada's sale of US bonds is just the beginning. Traditional US allies such as Japan and the EU may also follow suit and join the ranks of selling US bonds. At the same time, countries like Russia are quietly increasing their holdings of RMB assets, accelerating the global de-dollarization process.
 
Investors' risk aversion sentiment is rising, and gold foreign currency has become a safe haven.
Faced with the uncertainty of the global economy, investors are turning to safe-haven assets such as gold and foreign currencies to diversify risks and protect their own interests.
 
Trump's 'America First' policy may backfire
The Trump administration's insistence on implementing the 'America First' policy has ignored the reality of economic globalization. The trade war has not made America great again, but has instead led the American economy into difficulties. The cost of living for the people has risen, the international status has declined, and Trump's 'America First' may eventually become 'America Worried First'. The bitter fruits of the trade war are just beginning to show.
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