🚨HEADLINE : THE U.S TREASURY BOOM
U.S. Treasury market is the largest market in the world, currently with a total of $30.3 trillion in circulating Treasuries, despite China ongoing 9-month sell-off.
According to data released by the U.S. Department of the Treasury on Thursday, in November 2023, China net sold $5.39 billion in U.S. Treasuries. Previously, in October, China net sold $14.96 billion, and in September, net sold $9.97 billion.$XVG
Japan remains the largest foreign holder of U.S. Treasuries, holding $1.2 trillion, followed by the United Kingdom. Japan also recorded net selling in November, amounting to $3.20 billion, but this is the first reduction by Japan since April.
As the third-largest foreign holder of U.S. Treasuries, China has been selling off U.S. debt since March. Meanwhile, the total amount of U.S. Treasuries held by foreigners has reached a record $9.36 trillion.$FOGO
Recently, Trump stated that he would impose a 25% tariff on countries doing business with Iran and impose tariffs of up to 500% on goods imported from countries purchasing Russian-origin oil, uranium, and other commodities. India is a major importer of Russian oil and has been net selling U.S. Treasuries for six consecutive months. November data shows that India net sold $5.07 billion in U.S. Treasuries.$DUSK
EXPLAIN how these CONTINUOUS increase in tariffs HELP other nations dealing with the U.S.??