Amid the current concern over President Donald Trump’s efforts to end the globalisation of trade in goods, such as it has existed since the fall of the Soviet Union, there has been a curious lack of attention upon the possible end of the accompanying globalisation of trade in financial assets (“Brussels to present list of retaliatory measures against US”, Report, April 9).
Might restrictions, regulatory or fiscal, upon the purchase (or holding) of, for example, US Treasury bonds by EU institutions or citizens, form part of the European response to American tariffs imposed upon US purchasers of EU goods?
The world assuredly now has the need for access to US consumers. But the US also assuredly has the need for access to the world’s savings.
John Stevens
Brussels, Belgium
