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Moscow and Beijing found the “sore point” of Washington, Russia struck first

Policy

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Tags: state debt

Moscow and Beijing found the "sore point" of Washington, Russia struck firstPutin and Xi Jinping

The economic situation in the US is not as cloudless as it might seem at first glance.

Moscow found the “pain point” of Washington and struck the first blow, getting rid of US bonds, according to Business Insider.

Such step of Moscow caused the growth of interest rates in the USA. Russia has not much, no less, got rid of the US public debt bonds worth more than $ 80 billion. The growth of interest rates causes serious discontent of US President Donald Trump, as expensive loans restrain the growth of the American economy. But it was her growth that was the main promise of Trump during the race.

Russia has very strong arguments to abandon US securities. Thus, Moscow has secured its economy and made a step to strengthen the ruble, the newspaper believes.

Policy

I like 0

Tags: state debt

Moscow and Beijing found the "sore point" of Washington, Russia struck first

Putin and Xi Jinping

The economic situation in the US is not as cloudless as it might seem at first glance.

Moscow found the “pain point” of Washington and struck the first blow, getting rid of US bonds, according to Business Insider.

Such step of Moscow caused the growth of interest rates in the USA. Russia has not much, no less, got rid of the US public debt bonds worth more than $ 80 billion. The growth of interest rates causes serious discontent of US President Donald Trump, as expensive loans restrain the growth of the American economy. But it was her growth that was the main promise of Trump during the race.

Russia has very strong arguments to abandon US securities. Thus, Moscow has secured its economy and made a step to strengthen the ruble, the newspaper believes.

But the worst for Washington is yet to come. If Beijing decides to get rid of US bonds, then the negative consequences for the US economy will be very serious.

author: Irina Tyukacheva

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