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
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INSIGHT

Trade War Seen as Unsustainable

  • U.S. Treasury Secretary Scott Besant called the trade war with China "unsustainable" and hinted at possible de-escalation.
  • Beijing interprets this as a sign that American patience is wearing thin and their firm approach is working.
INSIGHT

Tariff Impact Yet to Hit

  • The true economic impact of the tariffs has yet to fully materialize in the U.S.
  • Price hikes and shortages are expected to worsen in the coming weeks, indicating the trade war's escalation effects are just beginning.
INSIGHT

Market Pressure Shifts US Messaging

  • The White House faces strong pressure from businesses and investors to ease tariff restrictions against China.
  • Beijing views U.S. openness to talks as a sign of weakness validating its patient strategy to wait out the U.S.
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