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China's 1.2 trillion dollars weapon that could be used in a trade war with the US

As the United States and China inch closer to a full-fledged trade war, economists and investors worry about worst-case scenarios that could impact the global economy and America. Economists and investors worry as China could reduce its U.S. debt holdings as a political weapon against the Trump administration tariffs proposal. China holds $1.17 trillion of U.S. government debt. If that happens, the dollar could fall and other countries could follow suit and sell their holdings. If China reduces its buying at a time when the U.S. is increasing its supply of new Treasuries into the market, that could lead to a rout in the bond market. Pictured are scenes from an ATM and screen-recording from news articles in Sacramento, California on June 21, 2018. - SHOTLIST: Sacramento, California - June 21, 2018: 1. Two close ups of ATM, a person withdrawing dollars 2. Mid shot of a screen showing pictures of Yuan 3. Screen-recording of US rates and bonds 4. Mid shot of a screen showing news articles about Chine-US Trade war 5. Close ups of a screen showing news articles about Chine-US Trade war 6. Close up of US and China National debt clocks-Credit: CrowdSpark/SteadyTake Inc
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Details
Credit:CrowdSpark
Clip #:981992292HD
Collection:CrowdSpark
Date created:June 21, 2018
License type:Rights-ready
Release info:Not released. More information
Clip length:00:01:54:16
Location:Sacramento, United States
Mastered to:QuickTime 8-bit H.264 HD 1920x1080 29.97p More information
Source:CrowdSpark
Object name:csk33027498.mov
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