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Politics : View from the Center and Left
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To: Sun Tzu who wrote (377637)7/20/2018 3:33:45 PM
From: zzpat  Read Replies (2) of 542822
 
Now it's getting fun. I want to see a petro-yuan added to the list. Devaluing the US dollar as the world currency would destroy Trump and the debt republicans need to win elections.

4 powerful weapons China has in its arsenal to win the US-China trade war
  • Last week the U.S. launched a trade war with China revealing a list of tariffs it could slap on $200 billion worth of Chinese goods.
  • Today President Trump says he is willing to put tariffs on all $505 billion of Chinese goods imported into the U.S.
  • China can retaliate beyond instituting tariffs on U.S. goods.
  • China holds $1 trillion worth of U.S. treasury bonds. If it stops buying new bonds, or sells off its holdings, it would trigger a hike in yields putting pressure on America's debt load.
  • Devaluing the yuan by 8 percent could make tariffs moot.
  • The Chinese government could make it harder for U.S. companies to operate in China.
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