Trex202@lemmy.world to CanadaPolitics@lemmy.ca · 3 days agoCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comexternal-linkmessage-square7fedilinkarrow-up11arrow-down10cross-posted to: geopolitics@lemmy.worlduseconomy@lemmy.worldcanada@lemmy.caworld@lemmy.world
arrow-up11arrow-down1external-linkCarney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffsdeanblundell.substack.comTrex202@lemmy.world to CanadaPolitics@lemmy.ca · 3 days agomessage-square7fedilinkcross-posted to: geopolitics@lemmy.worlduseconomy@lemmy.worldcanada@lemmy.caworld@lemmy.world
minus-squareredsand@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·3 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.