Trump’s new trade war tool might just be antique China debt
“President Donald Trump’s next move in an increasingly fraught trade war with China could be one for the history books, literally. The Trump administration has been studying the unlikely prospect of reviving century-old claims on Chinese bonds sold before the founding of the communist People’s Republic.”
USAGOLD note: Most would file this under the “Ain’t Gonna Happen Anytime Soon” column. Nevertheless, it is with interest we note that these bonds are denominated in a substance that has appreciated in value markedly against most currencies since the bonds were issued in the early 20th century.