Global Economic Turmoil! The Trade War Initiated by Trump Hits the U.S. Hard
Trump has stirred a hornet's nest! Canada has taken a stand for the first time, frantically selling $400 billion in U.S. Treasury bonds, shocking the global economy. This action is equivalent to each American carrying a debt of $1,200. The trade war initiated by Trump has finally made the U.S. taste the bitter fruit!
Global Shock
• The Canadian government, in collaboration with investment institutions, has sold U.S. bonds, equivalent to the market capitalization of three Alibaba companies.
• The dollar has “shrunk,” purchasing power has decreased, and the public's wallets have shrunk.
• Wall Street is in panic, the Dow Jones index has plummeted, and retirement accounts have shrunk.
The Suffering of Ordinary Americans
• Soaring electricity costs: U.S. households may face a supply cut from Canada, with electricity bills doubling.
• Rising car prices: Production line shutdown crisis, car prices have increased by 30%.
• Soaring loan interest rates: Mortgage, auto loan, and credit card rates are all rising across the board.
Trump's Mistakes
Trump intended to protect American factories through tariffs, but it resulted in:
• U.S. bonds being sold off, government borrowing costs skyrocketing, and infrastructure projects stagnating.
• Difficulty in corporate financing, overall price increases, and a dramatic rise in the cost of living for the public.
Global Reactions
• Japan, the European Union, and possibly more countries may follow suit in selling U.S. bonds.
• Countries like Russia are quietly increasing their holdings in RMB assets.
• Investors are beginning to turn to gold and foreign currencies to diversify risks.
Trump's “America First” may ultimately turn into “America Worries First,” and the consequences of the trade war have only just begun.
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