GOP billionaire warns Trump: don’t trash 1 priceless American brand

Everyone is looking at corporate earnings and the stock market for indications of whether or not U.S. President Donald Trump is about to crash the economy, but I’ll let you in on a little secret: they’re all looking in the wrong place.

While American blue-chip companies are definitely taking a hit, Trump is doing major damage in a far more important area.

A few weeks ago, the president was ready to burn down the global economy to avoid admitting he may have been wrong about tariffs.

(I mean, the last time the U.S. got hot for tariffs it kicked off the Great Depression so it seems obvious even to little ol’ me, but I digress).

But it wasn’t the stock market that spooked him and got him to dial back the anti-China and pro-tariff rhetoric.

It was the bond market.

And according to one influential billionaire, Trump is doing potentially irreparable damage to it and to America’s overall reputation in 1 scary new way.

America has had a sparkling reputation at times. U.S. President Donald Trump has quickly trashed it in several important ways. (Illustration credit: James Julian/Gemini)

Rising anti-Americanism

The international anger Trump has engendered among America’s erstwhile allies is starting to show up in some weird places.