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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by bawolff on Thursday April 03, 2025 @03:12AM (#43565926)
> They want to repudiate foreign held debt, or devalue it, by revaluation of the USD

Given how dependent usa is on foreign debt, that sounds crazy to me.

If they accomplish that sort of thing, they wont be able to borrow at favourable rates anymore. That seems incredibly bad for usa. Am i missing something on how severe that would be?

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Re:US Administration announces 34% tariffs on China – 20% on EU by dzhiurgis on Thursday April 03, 2025 @03:14AM (#43565949)
IIRC they are trying to pay off their debt since they are on a brink of default. They don't want to borrow anymore.
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Re:US Administration announces 34% tariffs on China – 20% on EU by bawolff on Thursday April 03, 2025 @03:29AM (#43566074)
They are literally borrowing more right now. I believe at record levels. Billions per day.
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Re:US Administration announces 34% tariffs on China – 20% on EU by appointment on Thursday April 03, 2025 @06:06AM (#43567363)
The massive tax cuts Trump is trying to extend or introduce are much larger than the spending cuts proposed so far.

edit: Also the USA is nowhere near a default, unless congress chooses to not raise the ridiculous debt ceiling policy.

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