Why not just default on America’s debt to China?
“Why not just default on America’s debt to China?”
China would retaliate by withholding inventory forcing the closure of walmart, target, harbor freight, etc. and tens of thousands of small manufactures in America whose supply chain is sourced from China.
And the lead time to find other suppliers and obtain current levels of inventory would take years.
We’ve put ourselves into a situation where the two choices are a cold turd or warm douche.