How “non-tariff” escalation of U.S.-China trade war could threaten U.S. housing market

As things heat up in Washington with talk of escalating the U.S.-China trade war using “non-tariff” measures, keep in mind: China is the biggest foreign owner of Uncle Sam’s debt and the biggest foreign buyer of U.S. mortgage bonds. In July alone, China’s net purchases of agency bonds totaled $14 billion, meaning purchases minus sales […more]

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