Trump has rapidly caved in on his threats to China. Stocks (US equity index futures that is) have surged:
There is probably good reason to exercise some caution here. By suggesting that Xi had a “bad moment”, ie implying he made an error , Trump may have made it more difficult for Beijing to step back or de-escalate, assuming it was even inclined to do so.
Background to all this ICYMI:
Friday ICYMI:
Late Friday:
China responds over the weekend:
Some TACO moves already, some murmurings of Trump already backing off. BRB with more on this:
Latest:
- Pentagon to buy $1bn in critical minerals to cut China reliance
- Trump says he thinks we are going to be fine with China, Nov 1 tariffs still the plan
This article was written by Eamonn Sheridan at investinglive.com.