If you put a punitive tariff of 25% on India for importing Russian oil, you have to do the same for China, which is an even bigger buyer.
That means China tariffs go from 50% to 75% (and 20% in Jan. '25). Will it be applied on China as well??? Source: Robin Brooks
🚨: China bans cryptocurrency for the 1000th time 👻😱🫂
Source: Barchart
Chinese demand for Gold is exploding
Gold ETF inflows in China just topped $6 BILLION — a new all-time high. Net inflows have more than doubled in the past 3 months. Asia’s appetite for gold has never been stronger. Source: Wall St Gold on X
China's auto industryis a massive below-cost, state subsidized statecraft masking as trade
This is Beijing trying to put the world's auto producers out of business even as domestic carmakers teeter on the verge of collapse, but are propped up by state money. Source: zerohedge, Caixin
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday
During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said. Source: Reuters
China's Car Industry Profit Margin has fallen to an all-time low
Source: Barchart
China continues to quietly acquire gold through the London market
China bought 15 tonnes of gold in May, according to Goldman Sachs estimates, 8 TIMES more than officially reported figures. Over the past year, China's monthly purchases have oscillated between 25-60 tonnes. Source: Global Markets Investors, Goldman Sachs
🚨China’s rare earth magnet exports COLLAPSED
Total shipments FELL 76% YoY in May, to 1,238 tons, the least since February 2020. Exports to the US FELL 92% YoY to 46 tons, and LESS than 1/10 of what was recorded in March. Source: Global Markets Investors
