Wait until they cash in their treasury bonds.
Wait until they cash in their treasury bonds.
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Foreign nations own $8.7T in U.S. debt (Japan $1T, China $759B, UK $723B). Mass sell-offs could spike interest rates, hurt mortgages, and stall construction
Canada used it as leverage so Donny wouldnβt add more tariffs.
They did well and simply stopped listening to his ridiculous
China has the bond leverage. Then add all those shipping containers that have tariffs due on them that are more than 140% more than the buyer has already paid will go unclaimed. Small business owners will fall and fail. Walmart isnβt going to pay another 145% either.
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I read that Canada may be considering the same although their leverage is less. In the same article, it suggested Carney traveled to the EU to bring some of the allies into the fold, a unified leverage defense against Trump.
I canβt see Canada cashing them in yet. Since yes it is leverage but weβre fifth in terms of owning.
All that cargo will be stuck in US Ports.
That's a great point. There's going to be a huge traffic jam soon.
They quietly added an βon the waterβ deferral. I think 27 April? Or so before the new rates are levied.
Target is pooched too.
Trim says the $6.9 trillion in treasuries held by the US in exchange for the Social Security surplus are fraudulent and is setting up the stage so that he can walk away from it and default on nearly $7 trillion in USA debt. Battle put the rest of the $28 trillion at risk.οΏΌ