Jul. 25 at 4:26 PM
WSJ: “Trump wants a deal, and China is willing to play ball”
President Trump wants a deal despite misgivings by staff & at times reversing decisions made by his staff
The White House is now actively encouraging China to buy more American tech, underscored by the lifting of a ban this month on sales of
$NVDA H20 AI chips to Beijing, reversing a policy aimed at protecting US national security
Current US tariffs are in the range of 30%-50% on Chinese imports
Treasury Secretary to meet w/ China counterparts in Stockholm early next week to work on an extension of a tariff truce set to expire Aug 12
“We want them to open up. They have 1.4B people w/ a very high savings rate. They have the potential for a big consumer economy"
Goldman: ~36% of US imports from China are in categories where China accts for over 70% of total US imports
Goldman: 70% of tariff cost is passed-thru to consumers, 15% absorbed by US companies, & 15% absorbed by exporters/supply chain
$FXI $ASHR $SPY $MOO