Sunshine (she/her)@lemmy.caM to Boycott US@lemmy.caEnglish · 10 days agoTrump calls Japan 'very spoiled' as he floats idea of imposing 30% or 35% tariffjapantoday.comexternal-linkmessage-square38fedilinkarrow-up1132arrow-down13file-text
arrow-up1129arrow-down1external-linkTrump calls Japan 'very spoiled' as he floats idea of imposing 30% or 35% tariffjapantoday.comSunshine (she/her)@lemmy.caM to Boycott US@lemmy.caEnglish · 10 days agomessage-square38fedilinkfile-text
minus-squareTenderizer@lemmy.calinkfedilinkEnglisharrow-up7·10 days agoJapan owns a lot of American debt but most of it is owned by American domestic companies.
minus-squareacargitz@lemmy.calinkfedilinkEnglisharrow-up3·9 days agoSure, but the question is if it owns enough to make the bite hurt.
minus-squareZDL@lazysoci.allinkfedilinkEnglisharrow-up2·9 days agoWAY more than enough. A sudden sale of 1% of the T-Bills in circulation would be devastating. Japan owns 4.3% of them. (The UK has 3.1% and China 2.9%.) Japan alone could make the US squeal like a piggy. If they coordinate with China (possible) and/or the UK (far less likely), it’s an economic nuke.
Japan owns a lot of American debt but most of it is owned by American domestic companies.
Sure, but the question is if it owns enough to make the bite hurt.
WAY more than enough.
A sudden sale of 1% of the T-Bills in circulation would be devastating.
Japan owns 4.3% of them. (The UK has 3.1% and China 2.9%.)
Japan alone could make the US squeal like a piggy. If they coordinate with China (possible) and/or the UK (far less likely), it’s an economic nuke.