Trex202@lemmy.world to CanadaPolitics@lemmy.ca · 1 month agoCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comexternal-linkmessage-square8linkfedilinkarrow-up155arrow-down112cross-posted to: geopolitics@lemmy.worldworld@lemmy.world
arrow-up143arrow-down1external-linkCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comTrex202@lemmy.world to CanadaPolitics@lemmy.ca · 1 month agomessage-square8linkfedilinkcross-posted to: geopolitics@lemmy.worldworld@lemmy.world
minus-squareredsand@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up8·1 month 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.