Is the American exceptional era putting its end?

Financial markets made a hard ruling on Trump’s commercial war last month and may have contributed to accelerating US economic hegemony. Only six weeks ago, the markets issued their evaluation on the “mutual” customs duties system launched by Donald Trump. The shares, bonds and dollars collapsed at a time to levels that led 78 -year -old Republican president to withdraw a few days later. Since then, the markets have regained some of its losses, with the support of another steps to take off in America’s status, and a temporary dedication with China who gave Beijing almost everything that was demanding. But the damage may have occurred. Arrows, treasury effects and dollars do not usually fall at the same time. In times of crisis, US debts and the value of the dollar often rise as a safe haven. But these are not normal times. The chaos caused by the Trump’s commercial war, and the attempt to dissolve state institutions, and its rapid violation of the Constitution, are all factors that contributed to undermining the so -called ‘American exceptional’. It seems that the days when the United States depended on this economic feature, based on its reputation as a reference for growth, liquidity and the rule of law, as if it were approaching. Does investor confidence in America fall? Confidence is what investors usually lead to using ‘Uncle Sam’. They know that the deposit of their money in the largest economy in the world and the oldest democracy is a safe bet. It helps that the dollar has remained the fait achievements for a long time, in addition to the US influence practiced around the world, whether with a soft or solid force. These factors combined are known as the exceptional American: an economic situation that has benefited the Americans for decades, and provides some kind of immunity to external shocks. It is true that Trump accelerated this slope alone from the area of ​​superiority, but it was not the one who started it. The world in general, and China in particular, has been looking for years to diversify their bets and reduce the dependence on the United States. There is an increasing closeness of US domination, anxiety of major American debt, and a decrease in confidence in the US population and their election system. In addition, the US stock market, which has risen over the past year thanks to a handful of major technology companies, as well as “toxic vague” about Trump’s future decisions, asking for an increasing number of world investors to go to alternative currencies, emerging markets and even gold. The United States is still a great economic power, and the dollar is still penetrating to the arteries of the global economy. But the world started to abandon Washington some time ago, and Trump’s return to the political scene just accelerated this shift.