As Europe considers how best to respond to US President
European countries hold trillions of dollars of US bonds and stocks, some of which sit with public sector funds. That’s spurring speculation they could sell such assets in response to Trump’s renewed tariff war, potentially driving borrowing costs up and equities down given US reliance on foreign capital.
But that’s easier said than done. The bulk of these assets are held by private funds outside the control of governments, and in any ...