4 ms·

> More likely we negotiate the terms of debt forgiveness, such as tariff reductions etc. So instead of controlling our own destiny, we have to hope for good te

> More likely we negotiate the terms of debt forgiveness, such as tariff reductions etc. So instead of controlling our own destiny, we have to hope for good terms from negotiations with the holders of that debt - who can apply increasingly more leverage as the amount of debt they hold increases?

dahfizz 3y ago
Foreign countries hold less than a quarter of US debt. We are a long way from being in some weak negotiating position.
bdcravens 3y ago
Borrower is slave to the lender.