US could use imperial Chinese debt to ‘simply default’ on Beijing’s $1 trillion of US bond holdings ...News

Russia Today - Economy

Washington is exploring new ways to target Beijing as it runs out of goods to tax in the ongoing trade war, and century-old Chinese bonds could become a weapon, analysts have told RT. On Sunday, the latest tit-for-tat tariffs came into force. The US slapped a wide range of Chinese goods with 15 percent tariffs, while Beijing responded with levies ranging from 5 to 10 percent on American imports, including agricultural products. Despite the tariffs going into effect, the sides are still planning to hold trade talks later this month. If the two sides still fail to hammer out their differences, the second batch of levies is scheduled to g

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Last updated : 02 September 2019 clock 04:50 PM

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US could use imperial Chinese debt to ‘simply default’ on Beijing’s $1 trillion of US bond holdings ...News

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