中国再抛118亿美债，加拿大更狠，特朗普急了：换人！

Core Viewpoint - Canada, once considered a reliable ally of the U.S., has recently sold $56.7 billion in U.S. Treasury bonds in a single month, surprising Wall Street and highlighting a growing distrust in the U.S.-Canada relationship [1][5] Group 1: Canada’s Actions - Canada’s bond sales have drastically reduced its holdings from $318.6 billion in March 2024 to $261.9 billion by October 2024, indicating a significant shift in its investment strategy [5] - The decision to sell U.S. Treasuries reflects Canada’s discontent with the U.S. trade policies, particularly after the imposition of tariffs by the Trump administration [5][6] - Canada’s actions serve as a warning to the U.S., suggesting that even its closest allies are reconsidering their financial commitments [5][6] Group 2: China’s Strategy - China has reduced its U.S. Treasury holdings by $11.8 billion, bringing its total to $688.7 billion, the lowest level since 2008, as part of a strategic asset transfer over three years [3][10] - This reduction is a calculated response to geopolitical risks and financial sanctions, as China aims to decrease its reliance on the U.S. dollar while increasing its gold reserves [3][10] - The contrast between Canada’s aggressive selling and China’s more measured approach highlights differing strategies among U.S. allies regarding U.S. debt [3][10] Group 3: Broader Implications - The overall proportion of U.S. debt held by allies has dropped from 50% in 2014 to 34% in 2024, indicating a significant decline in trust in U.S. financial stability [6][8] - The U.S. national debt has surpassed $38 trillion, with annual interest payments exceeding $1.1 trillion, raising concerns about the sustainability of U.S. fiscal policy [7][12] - The weakening of the U.S. ally system is evident as countries like France and Germany explore reducing their dependence on the U.S., reflecting a broader trend of disillusionment among traditional allies [7][8]