Trump’s latest Wall Street showdown pushes investor scepticism to the brink

US president’s One Big Beautiful Bill Act has rattled the bond market and will inevitably have global consequencesDonald Trump calls his tax and spending plans “big, beautiful,” and a once-in-a generation opportunity to bolster the prosperity of the US economy. The bond market disagrees.In his latest showdown with Wall Street, after the turmoil unleashed by his “liberation day” tariff announcement last month, global financial markets are rattled again, this time by the US president’s One Big Beautiful Bill Act. Plans to hit the EU with 50% tariffs on all imports are adding to the investor headache. Continue reading...

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