But other rich people are starting to get concerned...
(Bloomberg) — The world’s finance chiefs flocked to Washington this week to see up close how President Donald Trump’s effort to overhaul the global economic order is shaking markets and eroding growth.
As they gathered in private meetings and opined on panels about how his tariffs upend free-trade orthodoxy, markets were whiplashed by signals the US may agree to cut its massive levies on China, which even Treasury Secretary Scott Bessent said amount to a trade embargo between the world’s biggest economies.
(Bloomberg) — The world’s finance chiefs flocked to Washington this week to see up close how President Donald Trump’s effort to overhaul the global economic order is shaking markets and eroding growth.
As they gathered in private meetings and opined on panels about how his tariffs upend free-trade orthodoxy, markets were whiplashed by signals the US may agree to cut its massive levies on China, which even Treasury Secretary Scott Bessent said amount to a trade embargo between the world’s biggest economies.
