The Trump guy again began to shake the economy, back to the White House not long, throwing the immigrant gold card and hundred years U.S. debt two cards, it looks like it is looking for money for its country, but look carefully, the impact on China is not small. China has trillions of U.S. debt in its hands, if these two tricks are really play, is equal to the financial neck. In return, the U.S. debt has clustered to 37 trillion knives, interest has quickly crushed the budget, Trump came up with these tricks, and it is not for nothing.
Trump was born in Queens, new york in 1946. His family was engaged in real estate business. His father Fred started from apartments in Brooklyn and Queens and saved a lot of wealth. He was exposed to these things with his parents as a child, and graduated in 1964 from new york Military Academy, where discipline and leadership were taught. Then he went to Fordham University, transferred to Wharton Business School, and got a degree in economics in 1968. After graduation, he joined the family company to help, first managing the middle-class housing project. In 1971, he took over and changed his name to Trump Organization, pushing the business to high-end real estate in Manhattan. In 1983, he built Trump Tower, a 58-story tall building, which became his signboard. In the 1980s, he also engaged in Atlantic City Casino. Trump Square and Taj Mahal Casino were once popular. However, in the early 1990s, when the economy declined, the company owed 900 million yuan in debt, and it went bankrupt twice in 1991 and 1992. Although he went bankrupt, he turned over by brand licensing, and his name was posted on golf courses, ties and so on.
In the 2004 real-life show, “The Apprentice” made him burn, the phrase “You’re fired” is well known. 2015 announced the presidential campaign, Hillary won on November 8, 2016 and became the 45th president. Internal tax reform, withdrawal from the Paris Agreement, tariffs on China, trade war was fun. 2020 lost to Biden, 2021 January 6, after congressional riots. November 5, 2024 again won, January 20, 2025 second assembly. Now he is in office for the second time, debt issues are more difficult, the 36 trillion debt ceiling has just been set on January 2, interest spending is the head of the budget, and he naturally has to think about it.
Trump’s immigration gold card plan was announced on February 25 at the White House, which would directly replace the old EB-5 investment immigration. EB-5 had previously asked foreigners to invest $800,000 in designated projects, such as building factories or shops in the middle-western tribes, hiring 10 Americans, creating jobs, and having a lawyer for a total of about one million. In fiscal year 2024, there were 1.2 million people with a green card. Now Trump cut $5 million a gold card, give permanent residence rights, and five years later can apply for citizens. No investment requirements, no job threshold, on the purely selling card, attracting the world’s wealthy. On March 26, the first 1,000 shares were sold, mostly by oil and bankers in the Middle East and Europe. On June 11, the website went online, registered, uploaded
According to EB-5 data, the goal is too long, in fact sold 1,000 in June, injected 5 billion, cup of water wages. Legally also trouble, immigration groups to the court, saying this is unfair, poor immigration is harder. but the Trump team pushed quickly, the State Department out guidelines, Treasury Minister Bessent helped legislation. The word said that this gold card is not only selling money, but also exempt from foreign income tax, the owner lives in the United States freedom to work, is equivalent to the green light for the rich. EB-5 was originally stimulating the economy, now becomes a direct money collection, Trump directly said is designed for the successful people, the world's wealthy people abound in the rhythm.
The other hand is the Mar-a-Lago Accord. The Wall Street Journal first broke the news in March. This thing is still brewing, but the wind is tight. The core is to force trading partners to exchange short-term U.S. debt for century-old long-term debt, which matures in 100 years, cannot be traded, has no discount, and is pure principal repayment. The Federal Reserve bridges loans, but imposes tariffs if it doesn't change them. In a meeting in Mar-a-Lago, the chart spread out, emphasizing that countries that make profits from the US market, such as Japan, Europe and China, have to pay protection fees. Drawing lessons from the Plaza Accord of 1985, but even more ruthlessly, the Plaza is exchange rate coordination, and this time it is debt restructuring. In April, a Brussels think tank analyzed that this was tantamount to the United States defaulting on its debts, delaying repayment and freezing foreign funds.
The Wall Street media cited a similar clause, indicating that it was not an empty hole. Trump wanted to use tariff leverage, 25% barrier threat, not to match the closure of the market. The U.S. debt was 37 trillion, the interest rate in 2025 was 3.35%, the budget 1/4 was fed interest. The agreement went step by step, the first ally, the G7 Middle East Latin America, exchanged debt on a small scale. Japan agreed to partly exchange 50 billion, Germany also signed the electronic version. But China did not bird this set, Beijing officials assessed the risk, foreign exchange reserves were 3.32 trillion, the U.S. debt is an important part.
China’s U.S. debt holds second in the world, 75.64 billion in June 2025, reduced to 75.63 billion in July, stable in August. The total foreign holding is 9.13 trillion, China accounts for 8%. Trump’s gold card surface sells immigration, actual funds into the U.S. Treasury, short-term debt relief, but does not solve the root. Hundred-year debt is darker, compulsory exchange debt, China’s short-term debt liquidity is strong, exchange for a hundred-year lock-out, equals the cost of losing opportunities. Trade war escalates, tariffs add, China’s exports are defeated, reserve management is harder. Moody in August that the U.S. consumer economy is drawn by the rich,
China will reduce its holdings of U.S. debt by 3 billion in the first half of 2025 starting from 2019, but the base is large, and the market will collapse at once. Trump's move not only defaults on his debt, but also wants to lend usury. The Federal Reserve lends money to non-cooperating countries, and the interest snowballs. The global financial order is swaying, the hegemony of the US dollar depends on US debt, and China holds a lot of debt, which has become a target. It is said that the China State Administration of Foreign Exchange is smart, has diversified reserves, overweight gold and euros, and avoids deep pits.
The two hands, Trump said, is that the United States is crazy and harvests the world. China must be alert, financial warfare is smoke-free, diversity reduction is the kingdom. debt crisis is a global matter, the United States leads, the world follows.