Economics
China Cuts U.S. Treasury Holdings as Trade War Intensifies
- China’s ownership of U.S. bonds fell to six-month low in July
- U.S. enacted first $34 bln round of tariffs on China on July 6
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China’s holdings of U.S. Treasuries fell to a six-month low in July, just as a trade war between the world’s two largest economies began heating up.
China’s ownership of U.S. bonds, bills and notes slipped to $1.17 trillion, the lowest level since January and down from $1.18 trillion in June, according to data released by the Treasury Department on Tuesday. Japan, the largest foreign investor in Treasuries after China, increased its holdings, as did Saudi Arabia, Taiwan, Singapore and France.