Something potentially important to consider- The US dollar and treasury holdings and the USD index (USDX)

The moves last night from the US to impose punitive trade tariffs across the whole world has potentially serious implications and something that is not being picked up on much yet in the news. We need to remember just how important foreign investors are for the US Treasury Bond markets. Certain players still own huge US treasury holdings. So, what if this trade war escalates and whole situation gets out of hand? If the US treasury was forced to repay that debt it would be in a very precarious position. It might not be able to do so and that could risk a US default. Look, that is not on the radar yet, but it is something to put in the back of your mind. It is doubtful the US administration has even considered the risk. The Fed portably has though. So, the dollar has this morning done the opposite of what many thought might be a reaction to trade tariffs. It has weakened and the USD index USDX) has slumped to a new 2025 low this morning, at 102.37. It is lifting back from that low now, pushing back above 102.50 and towards 102.75, but doubts remain