China owns U.S. Treasurys worth $1.1 trillion, but threats that it could dump them and upend the bond market ring hollow. Potshots at corporate America have a better chance of getting through to President Trump. On Monday, Chinese media reported that officials could use the country’s Treasurys as leverage in their response to the Trump administration’s new barrage of tariffs. They have already announced retaliatory taxes on $60 billion worth of U.S. goods.

Source: Wall Street Journal May 14, 2019 09:22 UTC