Pretty amazing to read some of the comments made here.
China needs our market to sell much more than we need their goods they make with slave labor, human rights violations, pollution, currency manipulation or industrial theft. If they lose the biggest market in the world OR disrupts their biggest market OR have to manipulate how they sell their artificially cheap goods, the delta on their currency and health and wellbeing as well as their inflated GDP gets crushed.
China directly manipulates, through their government, in contrast to any good will, their economy. To those of you too dense to understand, what was China's first response to these tariffs? THEY THROUGH THEIR COMMIE GOVERNMENT directly devalued their currency, in order to try to offset the increased cost tariffs brings. Not great for their people and not such a flip move for a "sleeping dragon".
As to how much American debt China holds, it is much less than most think. Japan actually holds the most at 1.1 trillion followed by China at just 760 billion. Both are actually just a minor amount compared to our total. While dumping by both will cause some hardship, it will be a blip with time no matter the disruption in the short term. The claim of China's influence on our debt has been greatly overstated by the liberal left and their cult members love to quote the propaganda as "truth"
I love reading the hate America drivel. These libs love to hate America and love to love our Enemies. I guess they miss that China, who was directly responsible for COVID then held the rest of the world, including us here in the USA hostage for pharmaceuticals and medical equipment such as their garbage masks. I guess we can ignore their massive buildup of military as they support N. Korea, Iran, provoke Taiwan, Japan, Australia, Philippines, etc. Libs can ignore their human rights violations, their massive polluting, their enslaved labor as well as all the other manipulative behavior of Xi and others. WHY? Because to a lib, these are all OK if it means they pay for few cents less for products they want rather than need while they sell out all of their hypocritical tenets of belief.
When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually.
The bond markets are the real king here and will determine the outcome of this farce.
"huge". Hysterical. Another uninformed UI. China holds 750 billion of our total of 29 trillion in debt. That comes to 2.6% of the total American Debt. While it is not insignificant, it is hardly "HUGE" and while in the short term IF they chose to dump our debt, it could cause some dislocation, it would hardly make a difference in the long term.
For those, like Galloway, how spew the left propaganda, only 25% of our debt is held by foreign government with Japan, being the largest debt holder of 1.1 trillion.
The scare tactics of the propagandists like Galloway are severely overblown.
America has much bigger problems regarding our debt than China dumping it. Our much bigger problem are those like the Galloway types who support spending money and supporting China like a drunken sailor
When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually.
The bond markets are the real king here and will determine the outcome of this farce.
"huge". Hysterical. Another uninformed UI. China holds 750 billion of our total of 29 trillion in debt. That comes to 2.6% of the total American Debt. While it is not insignificant, it is hardly "HUGE" and while in the short term IF they chose to dump our debt, it could cause some dislocation, it would hardly make a difference in the long term.
For those, like Galloway, how spew the left propaganda, only 25% of our debt is held by foreign government with Japan, being the largest debt holder of 1.1 trillion.
The scare tactics of the propagandists like Galloway are severely overblown.
America has much bigger problems regarding our debt than China dumping it. Our much bigger problem are those like the Galloway types who support spending money and supporting China like a drunken sailor
It is very much huge even if in percentage terms it isn't.
Yet, China has been off-loading US debt for a little while now.
Given that recent off-loading (including Japan) is basically a large part of the reasons why he paused tariffs for 90 days), it's fair to say we aren't talking about 'dislocation' (or 'medicine' in Trump speak). We are talking about a severe, abrupt, shock to financial markets (worldwide) with direct ripple effects out to consumers everywhere.
We can't talk about 'short term' impacts either. Trump doesn't have any wiggle-room because his political existence is tied to the short term.
He actually played into China's hands with these actions because China can rightly claim it is an American aggression that they are fighting, and use that as an excuse for economic turbulence ahead.
Trump has everything to lose now as the shadow of tariffs remain. He's just kicked the can a bit further down the road.
When china hold a huge proportion of US debt it's a stupid man that provokes the dragon especially when the US need mountains of new debt continually.
The bond markets are the real king here and will determine the outcome of this farce.
"huge". Hysterical. Another uninformed UI. China holds 750 billion of our total of 29 trillion in debt. That comes to 2.6% of the total American Debt. While it is not insignificant, it is hardly "HUGE" and while in the short term IF they chose to dump our debt, it could cause some dislocation, it would hardly make a difference in the long term.
For those, like Galloway, how spew the left propaganda, only 25% of our debt is held by foreign government with Japan, being the largest debt holder of 1.1 trillion.
The scare tactics of the propagandists like Galloway are severely overblown.
America has much bigger problems regarding our debt than China dumping it. Our much bigger problem are those like the Galloway types who support spending money and supporting China like a drunken sailor
I agree with you - government dept must come down, dramatically. By at least 30% in the long term and not just the USA - most countries have the same problem.
Unfortunately Trumpty Dumpty is going to make debt a whole lot worse
But America can just as easily wait out some production relocation or shift habits.
China won’t be recovering thst money.
Apple is already reallocating the weight of production. It will take a bit. But it will be done. It’s just too bad that there aren’t more truly free nations to move it to.
The only way the USA wins this is to keep its foot in the gas and not give in to bullies. We’ve been pushed around and robbed long enough. As O’Leary said:enough is enough.” Time to get back.
Dude, the US is the one that’s been the bully ever since WW2 ended.
Comments
China needs our market to sell much more than we need their goods they make with slave labor, human rights violations, pollution, currency manipulation or industrial theft. If they lose the biggest market in the world OR disrupts their biggest market OR have to manipulate how they sell their artificially cheap goods, the delta on their currency and health and wellbeing as well as their inflated GDP gets crushed.
China directly manipulates, through their government, in contrast to any good will, their economy. To those of you too dense to understand, what was China's first response to these tariffs? THEY THROUGH THEIR COMMIE GOVERNMENT directly devalued their currency, in order to try to offset the increased cost tariffs brings. Not great for their people and not such a flip move for a "sleeping dragon".
As to how much American debt China holds, it is much less than most think. Japan actually holds the most at 1.1 trillion followed by China at just 760 billion. Both are actually just a minor amount compared to our total. While dumping by both will cause some hardship, it will be a blip with time no matter the disruption in the short term. The claim of China's influence on our debt has been greatly overstated by the liberal left and their cult members love to quote the propaganda as "truth"
I love reading the hate America drivel. These libs love to hate America and love to love our Enemies. I guess they miss that China, who was directly responsible for COVID then held the rest of the world, including us here in the USA hostage for pharmaceuticals and medical equipment such as their garbage masks. I guess we can ignore their massive buildup of military as they support N. Korea, Iran, provoke Taiwan, Japan, Australia, Philippines, etc. Libs can ignore their human rights violations, their massive polluting, their enslaved labor as well as all the other manipulative behavior of Xi and others. WHY? Because to a lib, these are all OK if it means they pay for few cents less for products they want rather than need while they sell out all of their hypocritical tenets of belief.
For those, like Galloway, how spew the left propaganda, only 25% of our debt is held by foreign government with Japan, being the largest debt holder of 1.1 trillion.
The scare tactics of the propagandists like Galloway are severely overblown.
America has much bigger problems regarding our debt than China dumping it. Our much bigger problem are those like the Galloway types who support spending money and supporting China like a drunken sailor
Yet, China has been off-loading US debt for a little while now.
Given that recent off-loading (including Japan) is basically a large part of the reasons why he paused tariffs for 90 days), it's fair to say we aren't talking about 'dislocation' (or 'medicine' in Trump speak). We are talking about a severe, abrupt, shock to financial markets (worldwide) with direct ripple effects out to consumers everywhere.
We can't talk about 'short term' impacts either. Trump doesn't have any wiggle-room because his political existence is tied to the short term.
He actually played into China's hands with these actions because China can rightly claim it is an American aggression that they are fighting, and use that as an excuse for economic turbulence ahead.
Trump has everything to lose now as the shadow of tariffs remain. He's just kicked the can a bit further down the road.
Unfortunately Trumpty Dumpty is going to make debt a whole lot worse