{"id":725333,"date":"2026-01-28T01:30:11","date_gmt":"2026-01-28T01:30:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/725333\/"},"modified":"2026-01-28T01:30:11","modified_gmt":"2026-01-28T01:30:11","slug":"in-the-age-of-trump-are-safe-haven-us-assets-not-so-safe-any-more","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/725333\/","title":{"rendered":"In the age of Trump, are \u2018safe-haven\u2019 US assets not so safe any more?"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">For decades, the US dollar has served as the currency of global reserve, the de facto anchor for the vast majority of international exchanges.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Consequently, United States government debt \u2013 most commonly in the form of Treasury assets such as bonds, notes and bills \u2013 has long been regarded as a safe haven by investors, prized for its unmatched liquidity and deep market penetration.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">That faith has remained strong in the past, even amid global financial crises. But the events of recent weeks suggest that trust could be starting to fray.<\/p>\n<p>Shortly after US President Donald Trump said he would <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/world\/united-states-canada\/article\/3340283\/trump-hits-denmark-and-other-nato-allies-tariffs-force-greenland-sale?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">levy double-digit tariffs<\/a> on eight European countries for their opposition to his threatened seizure of Greenland, a semi-autonomous territory of Denmark, market players have been voting with their feet.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">AkademikerPension, a Danish pension fund for educational professionals, announced plans to divest from US Treasuries, and Greenland\u2019s SISA Pension fund is also reportedly weighing a pullback from US assets.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">While those withdrawals would represent a drop in an ocean worth trillions of US dollars, analysts said Trump has opened a Pandora\u2019s box. They warned distrust from US allies \u2013 compounded by persistent de-dollarisation endeavours by China and some emerging markets \u2013 could snowball, eventually straining cross-Atlantic relations and hollowing out the pillars of US financial dominance.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cTrump injects political risk into US assets,\u201d said Alicia Garcia-Herrero, chief economist for the Asia-Pacific region at the French investment bank Natixis.<\/p>\n","protected":false},"excerpt":{"rendered":"For decades, the US dollar has served as the currency of global reserve, the de facto anchor for&hellip;\n","protected":false},"author":2,"featured_media":725334,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[216074,216065,201914,216073,51,216070,216068,1395,216067,216069,3650,32,1700,55706,216072,2792,366,17178,216075,126597,201911,37887,48584,770,216066,332,216064,812,16,657,15,3383,59737,216071,94014],"class_list":{"0":"post-725333","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-akademikerpension","9":"tag-alecta","10":"tag-alicia-garcia-herrero","11":"tag-anz-bank","12":"tag-business","13":"tag-ccb-international-ccbi","14":"tag-charles-chang","15":"tag-china","16":"tag-cliff-zhao","17":"tag-daan-struyven","18":"tag-deepseek","19":"tag-donald-trump","20":"tag-economy","21":"tag-european-commission-president-ursula-von-der-leyen","22":"tag-federal-reserve-chair-jerome-powell","23":"tag-goldman-sachs","24":"tag-greenland","25":"tag-jerome-powell","26":"tag-lina-thomas","27":"tag-mohamed-el-erian","28":"tag-natixis","29":"tag-nicolas-maduro","30":"tag-peoples-bank-of-china","31":"tag-poland","32":"tag-raymond-yeung","33":"tag-russia","34":"tag-sisa-pension-fund","35":"tag-sweden","36":"tag-uk","37":"tag-ukraine","38":"tag-united-kingdom","39":"tag-us-dollar","40":"tag-us-treasuries","41":"tag-wilson-zou","42":"tag-world-economic-forum"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/725333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=725333"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/725333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/725334"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=725333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=725333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=725333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}