I’m all for a good rally, but where to from here in the medium term?
“The Treasury chief told attendees that a comprehensive deal between the two countries could happen in two to three years”
“Negotiations with China over such a deal have not started yet, he said.”
Given Trump said “China Tariffs won’t be zero”, even if tariffs are reduced to 20–40% in the coming months, that still leaves years of elevated costs baked into the system.
These tariffs will continue to ripple through supply chains and inflate prices across the market, long before any meaningful deal is even on the table, let alone finalised.
What are your thoughts?
https://finance.yahoo.com/news/bessent-sees-escalation-china-situation-155511836.html
“China urges Japan to help fight US tariffs together
Chinese Premier Li Qiang has sent a letter to Japanese Prime Minister Shigeru Ishiba calling for a coordinated response to U.S. President Donald Trump’s tariff measures, Japan’s Kyodo news agency reported on Tuesday.
The letter, sent via the Chinese embassy in Japan, stressed the need to “fight protectionism together”, Kyodo said, citing multiple Japanese government officials.”
h/t Stardust2280