The move represents a continued pattern of declines that comes as the two sides have been unable to hammer out a long-term trade agreement.
China reduced its holdings of U.S. debt by about $20.5 billion, bringing its overall ownership down to $1.12 trillion.There's worry that China might use its status as the world's No. 1 U.S. debt holder as leverage in trade negotiations.As trade tensions with the U.S. intensified, China sold off its Treasury holdings at the fastest pace in about two years during March.
The largest foreign owner of U.S. debt reduced the level by just shy of $20.5 billion, a slight decrease that brought the total holdings down to $1.12 trillion. But the move represents a continued pattern of declines that comes as the two sides have been unable to hammer out a long-term trade agreement and instead have been engaging in a tit-for-tat tariff fight thatIn the 12-month period ending March, the latest month for which data is available, China's stockpile of U.S.
The threat of the nation either not buying Treasurys or engaging in outright sales has shaken the bond market before. In addition to any punitive action China might take, it is thought to have reduced its holdings in an effort to defend its currency.
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