Anders Åslund, Senior Fellow at Stockholm Free World Forum, writes in The National Interest about the economic consequences of Donald Trump’s trade war and the United States’ dependence on foreign investment.
“Foreign purchases of U.S. treasuries are foreign loans to the U.S. government. At the end of March 2025, foreign governments and entities owned $9 trillion of U.S. treasuries, roughly half is held by governments and half by private entities […] The big owners of U.S. treasuries are Japan with $1.1 trillion U.S. treasuries, China and Hong Kong with $1 trillion, European Union countries with $1.5 trillion, the United Kingdom with $780 billion, and Canada with $426 billion.”
Read it here.