‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market

‘This is Not Normal’: Trump’s Tariffs Upend the Bond Market

In the usually steady government bond market, the yield on the 10-year Treasury has risen to more than 4.5 percent from less than 4 percent at the end of last week.
The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.

The ‘China Shock’ Offers a Lesson. It Isn’t the One Trump Has Learned.

Economists say the U.S. manufacturing decline in recent decades was not mainly about free trade, but about the pace of change without time to adjust.