The Globe and Mail reports in its Tuesday edition that President Donald Trump's changes to the global trade system have challenged the perception of the U.S. as the safest source for financial assets, opening up opportunities for Europe. A New York Times dispatch to The Globe reports that recent market turmoil saw investors selling off the U.S. dollar, stocks and Treasury bonds, but eased as Mr. Trump backed off threats to the Federal Reserve and Treasury Secretary Scott Bessent reassured foreign officials about trade deals. However, European officials at the International Monetary Fund and World Bank meetings remained skeptical about the stability of Mr. Trump's trade policies and saw potential to attract investors to European assets like the euro and bond market. The European commissioner responsible for EU's economy, Valdis Dombrovskis, said Wednesday in talks on the sidelines of the IMF meetings, "We see that our stability, predictability and respect for the rule of law is already proving a strength." The most comprehensive indication that funds are flowing to Europe: Since the beginning of April, the euro has gained 5.4 per cent against the dollar, rising above $1.13 (U.S.), the highest level since late 2021.