this post was submitted on 16 Apr 2025
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42
Carney’s Checkmate: How Canada's Quiet Bond Play Forced Trump to Drop Tariffs (deanblundell.substack.com)
submitted 2 months ago by Trex202@lemmy.world to c/canadapolitics@lemmy.ca
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[–] redsand@lemmy.dbzer0.com 8 points 2 months ago

Tl;Dr he organized a slow bond sell off with Japan and the EU. Who collectively hold about 3 trillion of the 8.5 trillion in foreign held us bonds. Now tariffs are suddenly paused for 90 days after a rate spike.

[–] KanadrAllegria@lemmy.ca 7 points 2 months ago

Good read but bad AI thumbnail.

[–] cyborganism@lemmy.ca 6 points 2 months ago

Haha wow! Good job Carney!

[–] SleepyPie@lemmy.world 4 points 2 months ago (1 children)

Who is Dean?

[–] uninvitedguest@lemmy.ca 5 points 2 months ago (1 children)

Former 102.1 The Edge radio personality?

[–] SplashJackson@lemmy.ca 1 points 2 months ago

I miss the Scottish guy

[–] PlaidBaron@lemmy.world 3 points 2 months ago* (last edited 2 months ago)

So is it confirmed Carney orchestrated this or is it conjecture? I havent really seen anything about Carney's involvement anywhere.

He's certainly capable of it, but was it really his idea?

[–] kent_eh@lemmy.ca 2 points 2 months ago

Assuming this writer has reliable sources for these assertions, I'm pleased to hear that Canada was a leader in this.