US EditionUS tariffs; Strait Thunder 海峡雷霆-2025A Exercise concludes; Improving price governance mechanisms; Politburo shuffle
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US tariffs; Strait Thunder 海峡雷霆-2025A Exercise concludes; Improving price governance mechanisms; Politburo shuffle
President Trump announced he is adding a 34% tariff on most imports from China. I believe this new round is on top on the 20% he added for Fentanyl, so at 54% he is close to the 60% he promised during his campaign, and these are in addition to the existing tariffs from the previous administration, so I think the US tariff rates on some Chinese imports may now be over 70%. The PRC reaction is unlikely to be weak, and I doubt Xi and his team will …
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