Bond yields leap connected to sell-off For those who don’t know, this is how it is done. DT was backed into a corner and had no choice. He was beaten.
"Let’s talk about the moment Donald Trump blinked. It wasn’t loud. It wasn’t a tweetstorm or a rally rant. When the tariff threats that had the world on edge — 125% on China, 25% on Canada’s autos, a global trade war in the making — suddenly softened. A 'pause,' he called it. A complete turnaround from the chest-thumping of the past week. And the reason? Mark Carney and a slow, deliberate financial maneuver that most people didn’t even notice: the coordinated Treasury bond slow bleed.
This wasn’t about bravado. It was about leverage. Cold, calculated, and devastatingly effective.
Trump’s pause wasn’t because people were getting yippy…
Rewind a bit. While Trump was gearing up his trade war machine, Carney, Canada’s Prime Minister, wasn’t just sitting in Ottawa twiddling his thumbs. He’d been quietly increasing Canada’s holdings of U.S. Treasury bonds—over $350 billion worth by early 2025, part of the $8.53 trillion foreign countries hold in U.S. debt. On the surface, it looked like a safe play, a hedge against economic chaos. But it wasn’t just defense. It was a loaded gun.
Carney didn’t stop there. He took his case to Europe. Not for photo ops, but for closed-door meetings with the EU’s heavy hitters — Germany, France, the Netherlands. Japan was in the room too, listening closely. The pitch was simple: if Trump went too far with tariffs, Canada wouldn’t just retaliate with duties on American cars or steel. It would start offloading those Treasury bonds. Not a fire sale — nothing so crude. A slow, steady bleed. A signal to the markets that the U.S. dollar’s perch wasn’t so secure.
---Dean Blundell, Canadian radio host. Some might say, "shock-jock." But even a broken clock is correct, twice per day.
Tariffs It looks like Trump did China and BYD, a company producing electric cars, a solid. Tesla used to sell most of their cars in the USA, (232,400 from Jan-May in 2024) and China (219,056, same timeframe). Now that nobody will be able to buy Teslas in China, BYD is taking off like a rocket. Their stock is soaring. Elon Musk should personally thank his leader for the thoughtful gift. Combine that will sinking sales, Tesla is in the doghouse. Biden already had a 100% tariff on these cars, so nobody is buying them in the US. They are selling them in Europe.
Tariffs
Let the Exemptions Begin! @Sven said,
I understand that iPhones have very high profit margins
I looked into Apple's "economic footprint" and discovered that Apple exceeds the government revenues of Switzerland, Norway and Russia. Only 9 countries are larger economic entities than Walmart.
Many of the top 2
5 economic entities are Corporations, not Countries.
Here are a couple of articles for food for thought when it comes to the economic significance of individual countries and individual global corporations. Few have mentioned that these exemptions and tariffs have a huge impact on many global corporations. These global corporations have a different kind of allegiance than do countries. Corporate goals are aligned more closely with shareholders demands than the messy needs of countryman's.
Because their goal don't always align, Corporations operate as odd bed fellows in the Countries they do business as well as the countries they sell to.
Countries vs Corporations - Comparing Economic Entitiescorporations-not-countries-dominate-the-list-of-the-world-s-biggest-economic-entities/Global Manufacturing:global-manufacturing-scorecard-how-the-us-compares-to-18-other-nations
