Sharp China with Bill Bishop
(Preview) Bessent and an ‘Unsustainable’ Path; Making Sense of Hourly Madness; The PRC’s Message to the World; A Note on Canada
Apr 23, 2025
13:28
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Quick takeaways
- The U.S. Treasury Secretary's remarks suggest a potential de-escalation of tariffs could alleviate pressure on both economies amid ongoing trade tensions.
- China's strategy of waiting out U.S. pressure highlights their reluctance to compromise, complicating dialogue and resolution amidst entrenched positions.
Deep dives
De-Escalation of US-China Tariffs
The U.S. Treasury Secretary expressed optimism that the tariff standoff between the U.S. and China is unsustainable and may lead to de-escalation. While he indicated that negotiations have not officially started, he suggested that a deal could be on the horizon, which could help alleviate the pressure on both economies. The current situation, characterized by high tariffs on both sides, is causing growing concern among investors and businesses alike. It is anticipated that without some form of resolution, the economic fallout could worsen significantly in the near future.
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