The commercial battle intensifies
There is no lip for the trade war: this morning, China has further increased its prices on American imports.
Beijing said it would not be economic logical to raise them more and qualified the dizzying dam of the Trump administration as “joke”. And this morning, Tesla stopped taking orders in China for two models that matter from the United States (which raises the question: what does Elon Musk think about how the commercial fight of President Trump takes place?)
The US dollar and treasury bills are also beaten, throwing additional uncertainty about their security status.
Where things are: From tomorrow, Chinese samples from American products will drop to 125% against 84%. It was after the Trump administration placed 145% of prices on imports from China; The White House also put 10% of prices on most other business partners because it faces a deadline for 90 days to reach dozens of commercial transactions.
Look closely at market volatility. The secretary of the Treasury, Scott Bessent, said on Thursday that he had seen “nothing unusual” in market fluctuations. But simultaneous Dollar decreases, long-time treasure shares and obligations are extreme, especially in the United States, and suggest a potentially greater capital flight from American financial assets, analysts noted.
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