This is Donald Trump’s Liz Truss moment, but he passed already the 49 days👏
For some, Trump’s game show host performance in the White House Rose Garden, as he unveiled the bumper tariffs on “liberation day”, had all the hallmarks of a Truss-style disaster in the making – and one on a rather grand scale.
Trump’s theatrics were, inevitably, celebrated by his most dedicated supporters as a genius move right out of his Art of the Deal book. But the bond markets gave, as they always do, the most clear-eyed view possible from people with skin in the game: they absolutely hated it.