World’s Biggest Debt Market Faces Huge Test From TrumpBy
resident Donald Trump is a man obsessed by imports, and untroubled by exports.
Since he first hit the campaign trail, Trump has been squarely focused on boosting domestic production by limiting cheap imports from places like China and Mexico and replacing them with homegrown offerings. Much more rarely has he talked about selling those homegrown offerings — be they Ford Explorers or Boeing 747s — to the rest of the world.
It’s a curious state of affairs, like encouraging people to cook by banning restaurants. Disconcertingly, Trump’s brand of import substitution is now playing out in the world’s biggest debt market…
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