Toby McMann on Nostr: I'm thinking ... the US is attacking China's export revenue. In return, China can ...
I'm thinking ... the US is attacking China's export revenue. In return, China can attack the US' biggest export -- the US dollar. China owns some ~$750bn of Treasuries, which they can sell. Within 18 hours of Treasuries starting sell off this past Tuesday, the US put a pause on tariffs (for everyone but China) -- but, point being: Does China care more about losing 15% of its exports, or does the US care more about the Treasury market? I'm not convinced the US has the upper hand?!
Published at
2025-04-12 12:36:10Event JSON
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