#USChinaTensions China's Economic Counterattack: A Wake-Up Call for the US
The ongoing trade tensions between the US and China have led to a series of strategic moves by China, signaling a soft war that's gaining momentum. Here are some key developments:
China's Strategic Moves
1. Dumping US Treasury Bonds: China holds $800 billion worth of US Treasury bonds but has been quietly reducing its holdings.
2. Rare Earth Mineral Embargo: China has stopped selling rare earth minerals to the US, a crucial move given its dominance in this market.
3. TikTok Price Comparisons: Chinese influencers on TikTok are highlighting the price disparities of luxury goods made in China but sold in the US at significantly higher prices.$BTC