TOKYO/BENGALURU — Wealthy Asians have long viewed the U.S. as a top destination for investing their capital, at least until President Donald Trump started imposing harsh tariffs on trading partners and challenging the Federal Reserve’s independence.
The U.S.’s economic growth, political stability and strong relationships with allies have helped the country attract capital from around the world. Three months into Trump’s second term, however, the president is raising the odds that America will head into a recession. It is being pushed in that direction by the massive tariffs Trump is using to tame trading partners to his liking and, more alarmingly, to shake up the post-World War II international order.
