Bill Mitchell

@mitchellvii ↗

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Last Checked July 10, 2019

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Fri May 24 12:33:28 +0000 2019

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Bill Mitchell @mitchellvii

But a decision to dump Treasuries would have a large effect on China itself. The country would incur a substantial capital loss on its reserve assets. https://t.co/e10tyAaIEy — PolitiTweet.org

Posted May 24, 2019 Hibernated

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Bill Mitchell @mitchellvii

China heavily bought US Treasuries not as a favor to the US, but to manage foreign exchange rates and keep their manufactured products cheaper. If they try to "punish the US" by selling these, they lose control of foreign exchange rates - making their goods less competitive. — PolitiTweet.org

Posted May 24, 2019 Hibernated

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Bill Mitchell @mitchellvii

Only 15 percent of U.S. imports come from China. All of the basic types of manufactured consumer goods that China exports to the United States (clothing, textiles, footwear, toys, small appliances, etc.) can be imported from other countries or could be produced domestically. — PolitiTweet.org

Posted May 24, 2019 Hibernated