The move represents a continued pattern of declines that comes as the two sides have been unable to hammer out a long-term trade agreement.
China reduced its holdings of U.S. debt by about $20.5 billion, bringing its overall ownership down to $1.12 trillion.There's worry that China might use its status as the world's No. 1 U.S. debt holder as leverage in trade negotiations.As trade tensions with the U.S. intensified, China sold off its Treasury holdings at the fastest pace in about two years during March.
The largest foreign owner of U.S. debt reduced the level by just shy of $20.5 billion, a slight decrease that brought the total holdings down to $1.12 trillion. But the move represents a continued pattern of declines that comes as the two sides have been unable to hammer out a long-term trade agreement and instead have been engaging in a tit-for-tat tariff fight thatIn the 12-month period ending March, the latest month for which data is available, China's stockpile of U.S.
The threat of the nation either not buying Treasurys or engaging in outright sales has shaken the bond market before. In addition to any punitive action China might take, it is thought to have reduced its holdings in an effort to defend its currency.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
As Trump fights with China over trade, U.S.-China economic relationship already being redefinedThe trend of U.S. companies serving Chinese consumers with products made in China could pose a significant challenge to Trump’s “America First” agenda
Weiterlesen »
U.S. Stocks Plummet As U.S.-China Trade Dispute EscalatesU.S. equities and commodities are taking a hit as trade war tensions between the U.S. and China continue to escalate by theothersarahh
Weiterlesen »
US tariffs on China jump as deadline passes, China immediately says it will retaliateThe Trump administration is hiking duties on $200 billion worth of Chinese products to 25% from 10%.
Weiterlesen »
US-China trade talks break up after US raises tariffsTrade talks between the US and China end without a deal, but negotiators from both sides say they held 'constructive' talks that went 'fairly well' after the US raised tariffs on $200 billion in Chinese goods and Beijing promised to retaliate.
Weiterlesen »
U.S. poised to double tariffs on $200 billion of Chinese imports, escalating U.S.-China trade warU.S. poised to more than double tariffs on $200 billion of Chinese imports, escalating trade war; talks expected to resume Friday
Weiterlesen »
Treasury yields move lower as increased tariffs on China kick inU.S. government debt prices were higher on Friday morning as U.S.-China trade tensions escalate further.
Weiterlesen »
European stocks outperform Wall Street as China trade row intensifiesSince U.S. President Donald Trump's tweets derailed U.S.-China trade talks ...
Weiterlesen »
Trade war hurting the U.S. ethanol industry 'badly': U.S. Grains CouncilThe U.S.-China trade war is hurting the U.S. ethanol industry 'badly,'...
Weiterlesen »
US-China talks break up after US raises tariffsUS-China talks break up with no deal after Trump hikes tariffs on $200 billion in Chinese imports
Weiterlesen »
U.S. CEO group says rising U.S.-China tariffs could hurt economyBusiness Roundtable, a group of U.S. corporate chief executive officers, said on...
Weiterlesen »