The biggest chunk was the purchase of $1.1 trillion in worthless MBS. The Fed wants the Wall Street banks to buy this garbage back, but the banks have informed.
The cash amount is $12 Trillion or 20% of GWP. This just shy of $14.2 Trillion GDP of the US, which is of course, the world’s biggest economy. After that it’s leveraged risk.
China trimmed its holdings of U.S. Treasuries to the lowest in almost two years as the months long trade conflict drags on between the world’s two largest economies. China’s portfolio of U.S. Treasury holdings fell by $7.5 billion in April to $1.1 trillion, according to Treasury Department figures released Monday.
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It could be China’s trump card in the trade war with Donald Trump. As of January 2018, China held $1.168 trillion in American debt, more than a $100 billion increase since the same time last year, but down about 11 percent from the record high above $1.3 trillion in late 2013.
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China’s US$1.1 trillion pile of Treasuries might sound a lot, but it’s less than 5 per cent of the total outstanding.
As Trade War Hits, China Looks Unsteady as .1 trillion treasury investor TheStreet – Bradley Keoun As President Donald Trump escalates his administration’s trade war against China, a growing number of investors worry that the Asian country might.
But when a trade war is raging, the economy doesn’t necessarily follow the economic model we might expect. Buying phones other than Apple isn’t the only issue. The Chinese also aren’t buying U.S. soybeans, cheese, and other protein. China is the largest export market for U.S. agricultural products, and it isn’t buying.
Trade tensions between the U.S. and China escalated Friday after months of threats over billions of dollars of tariffs. While products from soybeans to cars will likely get wrapped up in the spat, a key technology could actually be one of the main drivers behind why the world’s largest economies have started a trade war.
Look at what happened in the 1930s with the Smoot-Hawley Tariff Act. In an effort to “protect American jobs,” the U.S. raised tariffs on more than 20,000 goods coming into the country, many of them as high as 59 percent. Once the act went into effect in June 1930, a trade war promptly ensued and global trade.