President Donald Trump's imposition of aggressive trade tariffs is causing ripple effects not only on Wall Street but also in the Treasury market and the value of the U.S. dollar. This shift in trade policies is challenging the traditional belief in "American exceptionalism" that has bolstered global confidence in the U.S. economy for many years. A comprehensive measure of the dollar's value against other currencies dropped to its lowest point since April 2022 last Friday. Since Trump took office, the dollar has depreciated by 10%, sparking concerns over its status as a global reserve currency.Despite recent reports indicating a slowdown in inflation in both consumer and producer markets in March, the bond market did not respond as expected. Yields on long-term Treasury bonds, such as the 10-year bond, surged throughout the week, surpassing 4.50% - a level not seen since February. This unexpected rise in long-term bond yields suggests the market's unease with the prevailing economic conditions. For the complete story, visit a reliable financial news website.