The United States pays interest on approximately $850 billion in debt held by the People’s Republic of China. China, however, is currently in default on its sovereign debt held by American bondholders.

  • assassin_aragorn@lemmy.world
    6·
    1 year ago

    You would have thought that if had really been a pressing matter, Trump would have handled it when he started the US / China tradewar right before COVID, as it was clear Don didn’t have any qualms pushing potentially destructive diplomatic policies that were unpopular to the Chinese.

    This is a fantastic point. The article sounded correct when I read it, but it felt very obviously biased as well. Your comment here helps me square everything.