Quote:
Originally Posted by finnbow
The Chinese hold ~$1.2 trillion in US debt. They could flood the capital markets with $100-200 billion in US Treasuries and thereby increase interest rates on US debt obligations, costing us untold billions in increased costs for debt service.
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Instead, the Chinese agree to cut tariffs on autos and, maybe even more critical, improve protections on intellectual property.
https://www.apnews.com/45e28f10baa2460fb17a0b101c366067
Xi blinked?