China is prioritising expanding domestic consumption, hi tech investment and social programmes to ensure it can decouple from US exports smoothly at the current plenum discussing a five year plan.
Trump s new sanctions on US exporters is set to crush US businesses who depend on the vast Chinese market.
US stocks have started to fall as markets digest the economic disaster which Trump, Lutnik and the Epstein circle have created by their miscalculations and fantastical over estimation of US strength in 2025.
The EU is even more vulnerable to China s rare earth metals ban because its emphasis on Renewable Energy.
There may be no bottom to this crash. just as there was no bottom to the collapse of the Soviet Union in the 80s due to Reagan s tech sanctions.....
From media
Update (1235ET): US equity markets were already down notably, dragged down by momentum weakness, when Reuters reported the Trump admin is mulling broad software curbs on chip exports to China.
The United States has ordered a broad swathe of companies to stop shipping goods to China without a license and revoked licenses already granted to certain suppliers, said three people familiar with the matter.
The new restrictions - which are likely to escalate tensions with Beijing - appear aimed at choke points to prevent China from getting products necessary for key sectors, one of the people said.
Products affected include design software and chemicals for semiconductors, butane and ethane, machine tools, and aviation equipment, the people said.
The Commerce Department said it is reviewing exports of strategic significance to China, while noting "in some cases, Commerce has suspended existing export licenses or imposed additional license requirements while the review is pending."
This sparked an immediate drop in all the US Majors...
https://www.zerohedge.com/markets/momentum-massacre-drags-down-overall-market
No comments:
Post a Comment