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104% tariff sounds scary, but it’s not. China will find $145bn of “premium” goods from other countries, US will try hard to find $440bn of “cheap” goods elsewhere.

https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_Chinahttps://en.wikipedia.org/wiki/United_States_balance_of_tradehttps://www.bbc.com/news/articles/c20zd4k6d36ohttps://www.bbc.com/news/articles/c4g2089vznzohttps://tradingeconomics.com/united-states/balance-of-trade US started having trade deficits since 1970s and grew to become the country with largest trade imbalance by far. US imported $440bn from China; China imported $145bn from America….

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Not if, but how #China will retaliate? Will they hit #Tesla, #Apple or other successful US firms in China? Or just sell it even cheaper elsewhere?

https://fortune.com/europe/2024/05/15/stellantis-boss-carlos-tavares-biden-100-tariff-chinese-evs-selling-21000-models-europe-leapmotor/ 100% Tariff on Chinese EVs. Will it help the US market by keeping the price up for Americans? EV isn’t well adopted in the US, and trying to keep…

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It’s good to keep #crypto #bitcoin bubble going by not confirming. Once confirmed, no matter if it is deemed legal or not, can only limit upside. The price can’t just go up 10x easily. Crypto is at around 2 Trillion dollars now, US GDP around $22 trillion. cointelegraph.com/news/gensler-c…

It’s good to keep #crypto #bitcoin bubble going by not confirming. Once confirmed, no matter if it is deemed legal or not, can only limit upside. The price can’t just…

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