In the opening days of April 2025, President Donald Trump’s “Liberation Day” reciprocal tariffs triggered one of the most rapid market-to-policy feedback loops in recent history. Global equities plunged, U.S. Treasury yields spiked violently, and bond vigilantes delivered a clear message. Within a week, Trump announced a 90-day pause on the broadest tariffs. The White … Continue reading Japan’s Ninja Financial Statecraft: How Chinese Custody Chains Masked the Real Force Behind Trump’s 2025 Tariff Retreat