TREE NEWS reports: Former UK Prime Minister Rishi Sunak told the Bloomberg New Economy Forum that the rules-based international order may have ended, calling US President Trump a symptom rather than the cause. India’s External Affairs Minister S. Jaishankar said the US has repositioned itself and countries must reassess ties with Washington. Blackstone President Jon Gray and Fed Governor Christopher Waller warned that large fiscal deficits in the UK, France and Europe pose bond-market risks.
Sunak Says Rules-Based Order May Be Over at Bloomberg New Economy Forum
The striking convergence here is that a former UK leader, India's top diplomat and two senior US market figures are describing the same shift: the post-war order and the fiscal assumptions built on it are being repriced at once. That matters most for governments funding large deficits, since the bond-market warnings come from the same panel as the geopolitical ones. Whether this becomes a durable repricing or just forum talk is the open question.
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