US EditionThe Leverage that Europe Has over the US Eeconomy
Trump warned of major retaliation if Europe sells U.S. bonds or stocks amid tariff threats on Greenland, while European funds plan divestments totaling hundreds of millions, officials said.
- On Thursday, President Donald Trump warned of `big retaliation` if European countries sell US assets during a Fox Business interview at the World Economic Forum in Davos, Switzerland.
- AkademikerPension announced this week it will sell roughly US$100 million in Treasurys, while Greenland's SISA Pension and Ontario Teachers' Pension Plan have cut US holdings over fiscal and dollar concerns.
- European investors hold about $2 trillion of US Treasury debt, and analysts warn a coordinated sell-off could raise US borrowing costs and rattle global markets.
- Following the spat, the European Parliament voted Wednesday to delay ratification of a trade deal with four South American countries, while Danish leaders condemned annexation talk as a threat to Denmark's sovereignty and NATO.
- Last year the bloc bought about $300b in US services while exporting about $200b, and analysts say a 'Sell America' strategy would be complicated given more than 450 million people in the EU.
16 Articles
16 Articles
According to several experts, European countries have the ability to put pressure on Donald Trump by massively transferring US debt securities they hold.
Trump threatens 'big retaliation' against Europe over 'Sell America'
Donald Trump's recent threats over Greenland may be de-escalating, but the uproar has motivated some European entities to consider divesting themselves from the U.S., a trend the president threatened with a "big retaliation" during an interview with Fox News.Trump has spent much of the new year renewing his demand for the U.S. to annex Greenland, an autonomous territory controlled by Denmark, and said that military force could potentially be dep…
Trump Warns Of 'Big Retaliation' If Europe Dumps US Treasury Bonds
President Donald Trump warned Thursday of major reprisals if European countries dumped key holdings of US Treasury bonds to pressure Washington, as temperatures fluctuated over the future of Greenland.
The U.S. treasurer has been directly involved in the Deutsche Bank's conduct to deport the EU's "anti-coercion measures" scenario against Washington, revealed former Minister Cristian Diaconescu. Donald Trump announces with "great repression" if this happens. Article Donald Trump threatens Europeans with "great repression" if they sell American debt to put pressure on the US. Christian Diaconescu: "The United States would enter a recession like …
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