On Monday, economist Peter Schiff provided a counter-narrative to the claim that China won’t sell U.S. Treasuries.
What Happened: In a short post on X, Schiff challenged claims that China “won’t sell [U.S.] treasuries as doing so would strengthen the Yuan,” resulting in further damage to the attractiveness of the nation’s exports.
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Schiff cites the high 145% tariff that the U.S. has already levied on China, due to which a weaker Yuan will not “move the needle.” Meaning that regardless of whether the Renminbi strengthens or weakens against the U.S. dollar from this point, Chinese exports are essentially priced out of American markets due to the tariffs.
Many claim China won’t sell Treasuries as doing so would strengthen the yuan, which they say would just further …Full story available on Benzinga.com
