New Delhi, April 21 -- American multinational investment bank and financial services company Jefferies has raised concerns about the shifting global economic power balance and the diminishing financial leverage of the United States under President Donald Trump, primarily due to ongoing tariff policy issues.

The core concern highlighted in the report is America's eroding economic exceptionalism, driven by its massive net international investment deficit and chronic under-saving compared to China. As of end-2024, the U.S. net IIP stood at a record deficit of USD 26.2 trillion (89.9 per cent of GDP), while household savings were only 4.3 per cent of disposable income, far below China's 31.8 per cent.

It stated, "A major problem for Donald ...