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Trump vs China
(lemmy.ml)
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this post was submitted on 15 Apr 2025
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Not really, he backed down on tariffs last week thanks to Canada and Japan. The truth is, Trump has put the US into a very, very precarious position. They have a lot of debt to refinance soon, and if the rest of the world wanted to, they could dramatically increase the interest rates paid on that by coordinating a sell-off of US debt.
i would love to see that happen, but i don't think they will