prc30 on Nostr: China Afternoon Missive Now the commentariat shifts focus to #China. No deal was ...
China Afternoon Missive
Now the commentariat shifts focus to #China. No deal was struck with the US, meaning that Xi Jinping was unwilling to take the Trump call, unlike Trudeau and Sheinbaum, and now the 10% tariffs are formally on. For its part, China has followed with 15% tariffs on certain US imports albeit starting next week.
Expect there to be an ungodly deluge of headlines and social media commentary. Please take all the “hot takes” with a large grain of salt. The US is operating from a position of bellicosity, nothing more. Moreover, when you take a moment and actually consider all pressure points from both sides, you’ll quickly find that China is equally positioned if not the party with actual leverage.
The only certainty is that there’ll be more volatility across all asset classes. Stay safe out there fam
China to levy additional tariffs of up to 15% on select U.S. imports starting Feb. 10 https://www.cnbc.com/2025/02/04/china-levies-tariffs-on-select-us-imports-starting-feb-10.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Now the commentariat shifts focus to #China. No deal was struck with the US, meaning that Xi Jinping was unwilling to take the Trump call, unlike Trudeau and Sheinbaum, and now the 10% tariffs are formally on. For its part, China has followed with 15% tariffs on certain US imports albeit starting next week.
Expect there to be an ungodly deluge of headlines and social media commentary. Please take all the “hot takes” with a large grain of salt. The US is operating from a position of bellicosity, nothing more. Moreover, when you take a moment and actually consider all pressure points from both sides, you’ll quickly find that China is equally positioned if not the party with actual leverage.
The only certainty is that there’ll be more volatility across all asset classes. Stay safe out there fam
China to levy additional tariffs of up to 15% on select U.S. imports starting Feb. 10 https://www.cnbc.com/2025/02/04/china-levies-tariffs-on-select-us-imports-starting-feb-10.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard