‘Weaponizing’ $10 Trillion of US Assets Is Tough Ask for Europe

European countries hold trillions of dollars of US bonds and stocks, some of which sit with public sector funds. The bulk of these assets are held by private funds outside the control of governments, and in any case such a move would likely hurt European investors too. Most strategists therefore believe there’s a low chance policymakers would ultimately go so far, given their broad reluctance to stand up to Trump since his return to power a year ago.