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Dollar demand shrinks with tariff tug-of-war
David Goldman analyzes the rally of Asian currencies amid mounting US tariff threats, arguing that a structural shift in global trade patterns away from US-centered supply chains is weakening the traditional relationship between US real yields and dollar strength.
Germany’s Deep State moment
Diego Faßnacht assesses Germany’s deepening political crisis following Friedrich Merz’s unprecedented second-round election as chancellor, a signal of internal coalition fractures, looming legislative gridlock, and strategic paralysis.
The Japan that must say “No”
Scott Foster details how Japan’s ruling coalition is under intense domestic pressure, especially after electoral setbacks, and that Tokyo is firm in rejecting any trade agreement with Washington that does not include a full review of tariffs on autos, auto parts, steel, and aluminum.
