So the good news is that at least we're not going to be talking about tariffs in every story today.

From American public media, this is Marketplace.

In Los Angeles, I'm Kyle Rizzdahl.

It is Monday, today the 14th of April.

Good as always, to have you along, everybody.

The way the global economy works, and I'm talking biggest of big pictures here,

is that countries buy and sell stuff to and from other countries.

Goods and services, yes, but also stocks and sovereign debt, that is government bonds,

U.S. Treasury bonds in our case, corporate bonds as well.

But there is a growing pile of evidence post the tariffs that the rest of the world is slightly not as

interested in sending its money here anymore. Marketplace's Subri Beneshaw explains why, if that gets

too much worse, we could have a problem on our hands. The U.S. might buy a lot of goods from the world,

but the world puts a staggering amount of money right back as investment.

You can measure its size by comparing it to the entire U.S. economy.

Total foreign holdings of U.S. assets, bonds, equities, everything else are like 60, 70 percent of U.S. GDP.

Brad Setser is a senior fellow with the Council on Foreign Relations.

Foreigners own 30% of treasuries, 30% of corporate debt, and 20% of the entire stock market,

according to calculations by Apollo Global Management. It's mostly private investors,

looking to make money, says Setser, and they are rethinking.

When all U.S. assets are going down, that does suggest that foreign investors are re-evaluating their U.S. exposure.

A Morgan Stanley analysis found foreign investors have been gradually reducing their exposure to the U.S. stock market since the beginning of the year.

But they seemed to be staying in bonds.

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