with regard to China, that country has been funding the US deficit for quite some time now. And it foreign reserve holdings in US Dollars are huge.
The US and Chinese economies are so interlinked these days that the talks of putting up import tariffs by some in the Congress is a double edge weapon. It can hurt both economies.
Not sure how far China has gone in diversifying its foreign reserves holdings in US Treasury bonds.
The Americans have their superior nuclear bomb technology but China has her monetary nuclear bomb as an offset, lol
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