Trump can pull stocks back from the brink, but bond and currency markets may not be so easily impressed as they rapidly de-dollarize

• President Donald Trump introduced more annoyance and uncertainty To his trading war by releasing a range of consumer electronics and critical tech components. While expected to develop parts of technology technology and general stock market, bond markets and money can be a different story.

President Donald Trump showed that he could rally the epic stock, and the exemptions of his “reaksction tariffs” are likely to be different parts, but bond markets can be a different story.

On Wednesday, US stock indices posted many profits after Trump announced a 90-day stopping some of his steps in the steper, though he hated the rate for China. That has helped out some $ 6 trillion in the market cape lost if his “Liberal Day” announced to the Tariff all over the world.

In another twist, US Customs and Border Protection has been released New Guide later Friday night In his so-called tariffs reward, release of a range of imports Like smartphones, computers, semiconductors, constraint equipment, flat panel TV, and key tech components.

That is likely to fuel as many stocks gets when the markets are back. To a Post x Saturday morningWedbush Danest Danest Danest Analyst calls Trump The exemptions “Best Possible News for Tech Investors” raising a large cloud in the sector.

However, new dollars and Treasury Bond bonds

The 90-day Tariff of Trump Stop Wednesday has helped the Treasury produce to go out with their heights, but they continue to climb later in the week Bonds are sold even while stocks rose.

Thus the US property assets looked safe The situation is lost Between a shift from the dollar, with former secretary of Treasury Secretary Larry Summers warning that the US bonds Like an emerging country of market.

“The market is fast dol-dollarizing,” George Saravelos, Global Head of FX Research SA German bankAs a record last week, adding “The market has lost faith in the US assets, so instead of storing asset-liability to reinforce the dollar property self.”

The previously saw that the Trump administration appears to encourage a dollar dollar, Saravelos said it is now faster than expected. “It keeps seeing how smooth this process is,” he warns.

Similarly, Minneapolis Federal Reserve Preserve Neel Kashkari also teaches dollars and bonds that act as signs that investors turn to the US.

“Usually, when you see the rise in tariffs, I want the dollar to go. The fact that the dollar is going for a time to progress to investors’ preferences,” He told CNBC on Friday.

Presumably, the death of the most powerful dollar is often predicted by the past not fulfilled. And the dollar in dollarization continued for years, especially after Russia invaded Ukraine in 2022, which prompted Moscow’s sanctions in the Moscow that prompted their own dollar holdings.

Since then, central banks have been loading gold, hit with high prices because Trump’s tariff tariffs, while extremely economic uses many international transactions.

But tariffs remove the dominant view of “American Prompetalism,” While hitting the debt can start overwelking the “Privilege of privilege” The US is pleased.

While, The world has trusts in American issuesBecause Trump was shocked by traditional security allies and trading colleagues since taking office.

Today, the rollout of tariffs is the highest of over a century – even if it is watered repeatedly – can start a sustainable schism.

“USD damage has been done: The market is to reassess the structure of the dollar structure as a process of rapid dollarization,” Saravelos said in a separate note. “Wherever it is more to be seen than continuous and combined collapse of the money market and US bond at the bond of this week come.”

This story originally shown Fortune.com

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