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 isn’t 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 can’t see Canada cashing them in yet. Since yes it is leverage but we’re 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 “on the water” deferral. I think 27 April? Or so before the new rates are levied.
Target is pooched too.