U.S. President Joe Biden looks on as he participates in the first presidential debate of the 2024 elections with former U.S. President and Republican presidential candidate Donald Trump at CNN’s studios in Atlanta, Georgia, on June 27, 2024.
ANDREW CABALLERO-REYNOLDS/AFP via Getty Images
The costs of Joe Biden’s disastrous debate performance could be highest for Asia — $3 trillion high, in fact.
That’s roughly the amount of U.S. Treasury debt sitting on the balance sheets of Asia’s major central banks. Japan is most exposed with $1.2 trillion, followed by China with $770 billion. Talk that President Biden’s reelection bid is doomed has policymakers fearing the worst about vast sums of state assets.
Never mind the epic trade wars a Donald Trump 2.0 White House would unleash on a region he’s long blamed for all of America’s challenges. Dating back to his days as real estate mogul, Trump thinks Asia thrives by stealing…
