Back to today’s briefing

Story perspectives

Global Leaders Weigh US Treasury Holdings Amid Tariff Crisis

3/5/2025

38 3

Summary

Story summary

Policymakers worldwide face a dilemma in responding to President Trump's tariffs. Rather than imposing retaliatory tariffs, they could consider reducing their US Treasury holdings, a move that would safeguard their economies while sending a strong message about the stability of the US bond market. With central banks holding around $3.8 trillion in Treasuries, the stakes are high.

1 of 1

Story summary

Policymakers worldwide face a dilemma in responding to President Trump's tariffs. Rather than imposing retaliatory tariffs, they could consider reducing their US Treasury holdings, a move that would safeguard their economies while sending a strong message about the stability of the US bond market. With central banks holding around $3.8 trillion in Treasuries, the stakes are high.