Trex202@lemmy.world to CanadaPolitics@lemmy.ca · 20 days agoCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comexternal-linkmessage-square8linkfedilinkarrow-up155arrow-down110cross-posted to: [email protected][email protected]
arrow-up145arrow-down1external-linkCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comTrex202@lemmy.world to CanadaPolitics@lemmy.ca · 20 days agomessage-square8linkfedilinkcross-posted to: [email protected][email protected]
minus-squareredsand@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up8·20 days agoTl;Dr he organized a slow bond sell off with Japan and the EU. Who collectively hold about 3 trillion of the 8.5 trillion in foreign held us bonds. Now tariffs are suddenly paused for 90 days after a rate spike.
Tl;Dr he organized a slow bond sell off with Japan and the EU. Who collectively hold about 3 trillion of the 8.5 trillion in foreign held us bonds. Now tariffs are suddenly paused for 90 days after a rate spike.