US May Have Blinked First to Avoid Trade Tensions

March 26, 2018

The U.S. and China have toned down the rhetoric in their trade spat and Andrew Pyle believes it could be the result of China not ruling out buying fewer U.S bonds. Pyle points out that the U.S. Treasury is planning a massive bond auction worth about US$294 billion this week and America may have reduced saber-rattling first because it doesn’t want to anger a big bond buyer.

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