Newsletter By 2025-04-20
Although Trump finds himself in a precarious position, facing severe internal and external pressure, he still has cards to play in this geopolitical financial war. Even if U.S. Treasuries are struggling, they are still far stronger than European or Japanese debt. Europe’s progressive forces, both in government and the market, might exaggerate and mislead the capital markets, stirring up uncertainty and pushing funds away from dollar assets. However, when looking at global geopolitics and the geographical layout of capital markets, the U.S. market, anchored on the American continent, remains the most stable. Whether or not American manufacturing returns successfully, it will still be U.S. manufacturing, not Europe’s, and not Japan’s, noted
Kung Chan, ANBOUND’s founder.
>>Has the Quad failed? The contrast between the Quad's sustained enthusiasm for high-profile meetings and its weak record of public goods delivery suggests a disconnect. While the Quad may succeed in generating diplomatic attention, its tangible impact on Southeast Asia remains minimal. Perhaps the publicity is enough for the Quad to consider itself a success—unfortunately, for Southeast Asia, it may not be enough at all, discussed
Dr. Rafiq Dossani, senior economist at RAND and professor of policy analysis at the Pardee RAND Graduate School.
>>China’s strategy on grain storage bolsters food security, yet structural shortcomings persist in the agricultural supply system. While the country is largely self-sufficient in staple grains, many other agricultural products, including meat, vegetables, and certain grains, still depend on imports to meet domestic needs. To further enhance agricultural self-sufficiency and bolster food security, increasing investment in agricultural technology, promoting product diversification, and expanding international trade are key strategies. However, the effectiveness of these measures remains uncertain, and the outlook is not entirely optimistic, wrote
He Yan, Research Fellow at ANBOUND, in an article published on
Modern Diplomacy.
>>Amid the escalating global trade turmoil, the U.S. dollar's safe-haven status remains solid, but it is constrained by domestic economic stagflation and fiscal risks. In contrast, the yen, supported by policy normalization, carry trade unwinding, and domestic demand, shows stronger safe-haven advantages. Gold, as a "borderless asset", provides investors with an important risk-hedging tool beyond currency-based safe-haven assets., in the opinion of
Chen Li, Economic Research Fellow at ANBOUND.
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