Trump’s big problem didn’t go away this week, it got more urgent
For Australian investors who live and work outside the US political cycle, it is easy to forget that the president is working under considerable time pressure.
The clock is ticking as quick as ever on Donald Trump’s need to fix America.
A monumental week in financial markets – one where investors questioned the United States’ safe-haven status and forced the president to back down from widespread reciprocal tariffs – ends with Trump and his Treasury secretary, Scott Bessent, still staring at the same giant problem: the deficit.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
