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Fortune
Fortune
Eleanor Pringle

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

US President Donald Trump (Credit: AUL LOEB—AFP via Getty Images)
  • 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, American economists have been able to shrug off the worst case scenario in periods of economic volatility thanks to their nation’s “exceptionalism.”

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