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Breaking: all reciprocal tariffs halted for 90 days EXCEPT on China. Tariff rates over 100% on Chinese exports.
So it seems like it’s more of a targeted war against China specifically? Likely giving other nations time to choose (with us or against us), and slapping the nations who chose to align with China with huge tariffs in 90 days.
Interesting choice to make as a country then… do we want cheap goods from China but lose access to the American market? Or do we want to be able to sell to Americans?
The next “stick” will be weaponizing the financial system against China-aligned nations, while China dumps treasuries and tries to spark a financial crisis.
https://www.zerohedge.com/markets/china-holds-back-retaliation-opts-strategic-messaging-through-white-paper-trade
I wonder if it was another real estate guy who said something like ‘this is going to be very bad for Manhattan real estate’. Can’t think of anything else.
Musk got through?
Musk really needed / needs a reprieve on the China tariffs, Tesla will continue doing poorly in Europe regardless because of his perceived politics.
Even going from the complete insanity of, like, a hour ago to something that is merely extremely risky would be beneficial from Musk's point of view.
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