Markets

China just tested its ‘nuclear option’ in the trade war

China has run a small-scale test of the “nuclear option” in its trade war with the US by selling $US20 billion of US government debt. If China sold its $US1.2 trillion in US Treasurys, it could raise America’s borrowing costs, weaken the US dollar, and plunge global markets into chaos. […]
China just tested its ‘nuclear option’ in the trade war