China Cannot Use Its Treasury Holdings As Leverage. Here’s Why

Every time there is some kind of dispute between China and the United States, a litany of voices emerges to warn of spiking interest rates. These warnings are wrong-headed. And this post is going to explain why. Beijing is not Washington’s banker [Edward Harrison | April 7, 2018 | Credit Writedowns] We went through this…

Opinion: Global trade is broken, and Trump is sparking the crisis needed to move ahead

President Donald Trump’s trade actions on aluminum and steel and his confrontational stance with China on broader trade and investment issues have allies alarmed about both a trade war and the future of the World Trade Organization. It is important to be clear that the rise of China made that institution far less relevant long…