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Analysis: Trump's Threat to Significantly Increase Tariffs on China Just a Negotiating Tactic, Another Trade Agreement Expected Soon
Summary: According to The Kobeissi Letter, news about China's export control of rare earths was actually released around 8:30 am Eastern Time on October 9, 26 hours before Trump's tweet. This was initially a non-news event until Trump commented on it over a day later. Last night, China clarified its export control policy on rare earths, ...
According to The Kobeissi Letter, news about China's export control of rare earths was actually released around 8:30 am Eastern Time on October 9, 26 hours before Trump's tweet. This was initially a non-news event until Trump commented on it over a day later. Last night, China clarified its export control policy on rare earths, stating that the new measures are not a complete export ban and applications meeting requirements will still be approved. Following China's clarification, the likelihood of Trump actually implementing a significant increase in tariffs on China appears very low. It seems that the largest cryptocurrency liquidation in history and the $2.5 trillion evaporation of the S&P 500 market value during last week's market downturn were all based on a huge misunderstanding. It is expected that another trade agreement will be reached soon.
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Link: Analysis: Trump's Threat to Significantly Increase Tariffs on China Just a Negotiating Tactic, Another Trade Agreement Expected Soon [Copy]
