特朗普债务魔术！中、日、英多国狂买美债，中国关税惊现免死金牌

Core Viewpoint - The article discusses how the U.S. debt crisis was averted in June 2023, primarily due to the support from its major creditors: China, Japan, and the UK. It highlights the implications of Trump's economic policies and the increasing U.S. debt burden, which has reached $37 trillion, up by $1 trillion in just a few months [1][5][21]. Group 1: U.S. Debt Situation - The U.S. national debt has surged to $37 trillion, indicating a severe financial burden on the economy [1]. - Trump's policies, including the "Big and Beautiful Act," are projected to increase the debt by $4.1 trillion over the next decade, exacerbating the existing debt crisis [5]. - The Producer Price Index (PPI) rose by 0.9% in July, with service sector inflation increasing by 1.1%, raising concerns about the economic outlook [12]. Group 2: International Support for U.S. Debt - In June, Japan increased its holdings of U.S. Treasuries by $12.6 billion, while the UK purchased $48.7 billion, indicating their strategic interest in U.S. debt [18]. - China's increase in U.S. Treasury holdings was minimal at $100 million, suggesting a more symbolic gesture rather than a substantial financial commitment [18]. - The actions of these countries reflect a trade-driven necessity rather than a genuine effort to rescue the U.S. economy [21]. Group 3: Economic Policies and Consequences - Trump's economic strategies, including tariffs and the "American Gold Card," aim to leverage U.S. international credibility for funding, though they may lead to long-term economic challenges [3][7]. - The Federal Reserve's decision to maintain interest rates, despite Trump's pressure for cuts, indicates a divergence in economic policy and adds to market uncertainty [10][12]. - The lack of a coherent tariff policy has resulted in increased costs for American consumers and manufacturers, undermining the intended benefits of the trade war [14][16].