- US-China relationship is good
- US going to reject licensing requirements
- We are taking sound measures to right this problem
- US has more cards
Things were going great until Bessent started to talk today. He keeps all options on the table but it’s hard to envision the US going through with the tariffs. De-escalation should remain the base base for markets.
This article was written by Giuseppe Dellamotta at investinglive.com.