Canada

In 2014-16, China held $1.3 trillion in US debt. Now it owns less than half of that. Japan owns more American dept than the Chinese do currently. They have leveraged their debt in a controlled manner, to offset the effects of US tariffs. Now instead of getting American dollars for goods that China sells to the US, they just get the American dollars without having to sell anything. Just collect on the bonds as they come due. It is a trick I am sure the other countries, including Canada, have up their sleeves.

Whatever the American population pays in the tariffs (sales tax) on imported goods, the more they have to borrow from the rest of the world. It might LOOK like a windfall for the American treasury, but in the end the American economy just isn't generating the manufacturing wealth to pay the tax. Eventually, the American companies will revolt against this tax, and demand compensation. That will be even more money the US treasury will have to borrow.

For all the posters worried about American default on bond payments, please note that Americans still own around 75% of the American debt.

Insane

Feels like a bad choice.

Friendly reminder (June 2025 article): Nearly half of national public pension plan is invested in U.S. — and only 12% in Canada

There has been no official update or scrutiny on this close to trillion dollar investment almost a year later, which is hundreds of billions in the US. This is just one of the Canadian government's investments that is heavily invested into the US. Hard to say that Canada is doing any actions rather than just talking with a big mouth?

Sigh