America’s prized ‘exceptionalism’ is the collateral damage of Trump’s tariff war, says Deutsche Bank

• America’s long-standing economic exceptionalism—rooted in its size, stability, and global trust—has come under strain due to President Trump’s changeable trade policies, which have introduced volatility and legal challenges, prompting concern among analysts about the erosion of the U.S.’s structural advantages. While some still view the U.S. as the safest investment destination, others warn that the nation’s brand and ability to cheaply finance itself may be suffering long-term damage.

For many years...