by WASHINGTON, DC – U.S. President Donald Trump says he is not concerned that China holds a huge stake $1.1 trillion of U.S. treasury bonds, which if sold could damage the U.S. economy.
“So here’s the question, are you concerned with the back and forth, with the war of words, with China, that they could possibly, one day, call our debt due and it could destabilize our economy?” Mr Trump was asked Thursday.
“No, I’m not worried about it at all,” he responded. “They have approximately a trillion dollars. That’s a trickle compared to what we do. And, plus, interest rates are very low. We’ve never been at a position where we’ve had more people wanting to invest in our bonds. Never.”
“Interest rates are so low. It’s the lowest interest rate we’ve ever paid. I mean, we’re paying a number that we haven’t paid – I don’t believe we’ve ever paid it this low. We have some refinancings that are coming due soon, and they’re going to be so oversubscribed like you’ve never seen before,” the president said.
“So if somebody wanted to get their debt, you know, when their, first of all, their debt has to come due. You know, when their debt comes due, if they didn’t want to renew or re-up, as they say on Wall Street, that would be fine with us, because we can refinance that very easily.”
“There’s never been a time where more money has come into our country. People want it for security; they want it for safety. They want it for a little interest. Very little interest. But they want the security and the safety. And we’ll have no trouble. There’s nothing anybody is going to be doing,” Trump said. “We’re in a very strong position. Really strong position. Probably, in terms of refinancing, the strongest position we’ve ever been in. Okay?”
