Beijing is betting that economic pressure and diplomatic defiance will force concessions, but its stance could put more strain on its ties with Europe at a crucial time.
Beijing has a history of warning Washington about the safety of its Treasury holdings. This time it may have reasons to stay silent, at least publicly.
The House passed a sweeping bill to extend tax cuts and slash social safety net programs. The budget office reported the measure would increase U.S. national debt by at least $3.4 trillion over a decade.
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