Arnaud on this

If this gets confirmed and Trump indeed folds, this will be seen as one of those seminal events that confirm, beyond all the propaganda, a fundamental rebalancing of power between China and the US, and an end to the era of US economic dominance.

The impact on China's side was much less pronounced: the CSI 300 Index is virtually unchanged, and so is the cost of China's debt, standing at 1.67% for their 10Y bonds vs 4.4% for US 10Y bonds.

Due to the tariffs, the IMF just predicted a reduction of only 0.5% in China's GDP growth (down to 4%) vs a loss of 0.9% for the US's GDP (down to 1.8%), meaning that China would keep growing at more than twice the rate of the U.S. despite the tariffs, and would be much less affected by them than the U.S.

The US possibly no longer being able push other countries' economic policies around is a much bigger deal than people realize

So weak. Folded like a cheap lawn chair.

retreating, but claiming victory. so classic.

Art of The Fold

Ah, so his buy orders finally went through.

Now we wait until his shorts are finalized again.

Very stable genius leading a very stable country doing very stable foreign policy

I'd call him a chicken but that'd be an insult to chickens.

Of all the moves he could make now, this would be the worst. If you want to apply brutish tactics and force, you must be prepared to maintain that force until either you accomplish the stated goals or you've been so completely drained that you have to fold.

The USA is in neither position. This isn't a gesture of magnanimity. This is just proof that he's already made money off it somehow.

The art of the squeal!