Sell America

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Sell America is a financial market term used to describe a broad investment trend from April 2025 in which investors reduce exposure to United States assets, including the U.S. dollar, U.S. equities, and U.S. government bonds. The phenomenon emerged after United States president Donald Trump announced the threat of his Liberation Day tariffs. This resulted in geopolitical tensions and trade policy uncertainty that unsettled global markets. [1]

Contents

Definition and usage

The phrase "Sell America" is used primarily by financial analysts and market commentators to describe periods when investors collectively move away from U.S.-linked assets. This typically includes selling the U.S. dollar, U.S. equities, and U.S. Treasury securities, often alongside increased demand for alternative assets such as gold, foreign currencies, or non-U.S. government bonds. [2]

The term is descriptive rather than technical and does not refer to a specific financial instrument or coordinated strategy. It is comparable to other market shorthand phrases used to characterize shifts in investor sentiment toward particular countries or regions.

The phrase "Sell America trade" re-emerged prominently in January 2026 following renewed geopolitical uncertainty and policy statements from the Trump administration, especially diplomatic disputes around the potential unwelcome American annexation of Greenland. [3]

Analysts described the movement as a coordinated reassessment of U.S. asset risk rather than a response to a single economic indicator. [4]

Contributing factors

Commentary surrounding the resurgence of the Sell America trade highlighted several contributing factors:

See also

References

  1. "Trump's tariff threats spark new fears of 'Sell America' trade". Politico. January 20, 2026.
  2. "Sell America trade: dollar, Treasury yields and gold". CNBC. January 20, 2026.
  3. "Dollar hits week low as geopolitics revive 'Sell America' trade". Reuters. January 20, 2026.
  4. "Sell America trade resurfaces amid Trump-Powell tensions". CNBC. January 12, 2026.
  5. "Trump's tariff threats spark new fears of 'Sell America' trade". Politico. January 20, 2026.
  6. "Dollar extends losses as geopolitics revive Sell America trade". WMBD Radio. January 19, 2026.
  7. "Sell America". FXStreet. January 21, 2026.