US CAVES IN TO CHINA TO GET TRADE DEAL AND AVERT ECONOMIC DISASTER
TRADE DEAL EXPECTED ON THURSDAY TO AVERT MORE TARIFFS ON CHINESE GOODS
US ECONOMY ON THE VERGE OF COLLAPSE WHILE CHINA WITH ITS STATE CENTRAL BANK HAS A BOOMING ECONOMY AND FLEXIBLE FINANCIAL OPTIONS
APPEAL TO CHINA TO BRING UP MY CASE WITH TRUMP
A MINI TRADE DEAL SHOULD INCLUDE A DEAL TO PROTECT JOURNALISTS REPORTING FACTUALLY ON CHINA'S BOOMING ECONOMY
CASE DELTA 15 218 CONTINUES TO BE A LIFE THREAT TO ME, RULINGS DUE IMMINENTLY COULD SEE ME INCARCERATED USING LIES
Trade negotiators are working on a “mini-deal” on Thursday in hopes of easing the threat of new tariffs for China and increasing commodity exports out of the U.S.
Markets are hopeful for a tariff truce again, though the stock market is up on Thursday mainly because investors are telegraphing more rate cuts by the Fed.
Any easing of trade tariffs, though, should not be mistaken for an easing of uncertainties, Nomura strategists led by Ting Lu in Hong Kong wrote in a note to clients last night.
CNY will be happy if so, but that’s hardly a game changer. Indeed, in the background we have the NBA issue still snowballing; Trump happy to see supply-chains leave China; an expanding tech cold war; crackdowns on Chinese scientists working in the US; US visa restrictions related to Xinjiang; Chinese visa restrictions on some from the US; Hong Kong; rumors of US capital controls into China and from Chinese firms; and the Pentagon looking to place ballistic missiles aimed at China somewhere in the region. Unless that changes too, any potential short-term deal that is struck here doesn’t stop the overall US-China dynamic that is emerging; it would just be a short-term, election-focused ‘Nasty-Soviet Pact’. (And the original Pact also involved soy bean sales.) In short, don’t expect risk-on or CNY rallies to be sustained. We certainly expect any accord to try to keep CNY stable to be unrealistic in the current circumstances, as noted in LOL-A-PLAZA!, which was published yesterday.