AkhenOsiris
WSJ:
The lack of communication between the US and China shows no signs of letting up. What lies ahead is likely to be a cycle of tit-for-tat retaliation, making it hard to even start negotiations in the near term.
Trump had indicated that he was open to a deal with China, and Beijing hoped to explore one centered on what China was willing to offer, such as more Chinese purchases of American products and more Chinese investment in the U.S.
But in the following weeks, wherever senior Chinese officials tried to engage the new administration, they found only closed doors.
Foreign Minister Wang Yi sought a meeting with Trump’s national-security adviser Mike Waltz in February while he was in the U.S. for a United Nations meeting, according to people who consult with senior Chinese officials. Wang, who had hoped to revive a line of communication he had had with Waltz’s predecessor, Jake Sullivan, got nowhere with the Trump team.
The full-blown trade war during Trump’s first term had strengthened Xi’s resolve to fortify China against a new Trump-like assault. And yet, in the absence of contacts with the Trump team, Washington’s most formidable adversary settled on a wait-and-see approach.
Trump had suggested a meeting with Xi could come in the “not too distant future.” But given the heightened pressure from the U.S., Chinese officials have indicated to U.S. executives that Xi is unlikely to visit the U.S. soon.
The current Chinese ambassador to Washington, Xie Feng, has tried in vain to engage with Trump adviser Elon Musk, according to the people who consult with Chinese officials. Beijing had hoped that Musk, whose company Tesla makes half its electric vehicles in China, could help counterbalance the China hard-liners on Trump’s team.
Other U.S. business leaders, such as Wall Street financiers that Chinese leaders have often turned to in periods of trouble, now see little upside in acting as a go-between for Beijing. “Who wants that role?” said a senior American executive. “No one.”
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WSJ:
The lack of communication between the US and China shows no signs of letting up. What lies ahead is likely to be a cycle of tit-for-tat retaliation, making it hard to even start negotiations in the near term.
Trump had indicated that he was open to a deal with China, and Beijing hoped to explore one centered on what China was willing to offer, such as more Chinese purchases of American products and more Chinese investment in the U.S.
But in the following weeks, wherever senior Chinese officials tried to engage the new administration, they found only closed doors.
Foreign Minister Wang Yi sought a meeting with Trump’s national-security adviser Mike Waltz in February while he was in the U.S. for a United Nations meeting, according to people who consult with senior Chinese officials. Wang, who had hoped to revive a line of communication he had had with Waltz’s predecessor, Jake Sullivan, got nowhere with the Trump team.
The full-blown trade war during Trump’s first term had strengthened Xi’s resolve to fortify China against a new Trump-like assault. And yet, in the absence of contacts with the Trump team, Washington’s most formidable adversary settled on a wait-and-see approach.
Trump had suggested a meeting with Xi could come in the “not too distant future.” But given the heightened pressure from the U.S., Chinese officials have indicated to U.S. executives that Xi is unlikely to visit the U.S. soon.
The current Chinese ambassador to Washington, Xie Feng, has tried in vain to engage with Trump adviser Elon Musk, according to the people who consult with Chinese officials. Beijing had hoped that Musk, whose company Tesla makes half its electric vehicles in China, could help counterbalance the China hard-liners on Trump’s team.
Other U.S. business leaders, such as Wall Street financiers that Chinese leaders have often turned to in periods of trouble, now see little upside in acting as a go-between for Beijing. “Who wants that role?” said a senior American executive. “No one.”
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The Kobeissi Letter
President Trump is completely SILENT:
It has now been over 36 hours since the last tariff headline from President Trump.
No mention of any potential tariff deals, phone calls, or delays in tariffs.
“Reciprocal tariffs” will officially go live at 12:01 AM ET.
President Trump has less than 12 hours until stock market futures open in the U.S.
If he remains silent until then, then one thing is CLEAR:
Is he certainly “not watching the stock market,” as he began announcing on March 6th.
The market is in desperate need of hope.
tweet
President Trump is completely SILENT:
It has now been over 36 hours since the last tariff headline from President Trump.
No mention of any potential tariff deals, phone calls, or delays in tariffs.
“Reciprocal tariffs” will officially go live at 12:01 AM ET.
President Trump has less than 12 hours until stock market futures open in the U.S.
If he remains silent until then, then one thing is CLEAR:
Is he certainly “not watching the stock market,” as he began announcing on March 6th.
The market is in desperate need of hope.
tweet
The Kobeissi Letter
Key Events This Week:
1. "Reciprocal Tariff" Responses Likely Begin - Monday
2. Fed Meeting Minutes - Wednesday
3. March CPI Inflation data - Thursday
4. Initial Jobless Claims data - Thursday
5. March PPI Inflation data - Friday
6. Michigan Consumer Sentiment data - Friday
Are you ready for more historic volatility?
tweet
Key Events This Week:
1. "Reciprocal Tariff" Responses Likely Begin - Monday
2. Fed Meeting Minutes - Wednesday
3. March CPI Inflation data - Thursday
4. Initial Jobless Claims data - Thursday
5. March PPI Inflation data - Friday
6. Michigan Consumer Sentiment data - Friday
Are you ready for more historic volatility?
tweet
Offshore
Photo
The Kobeissi Letter
BREAKING: India is negotiating a bilateral trade deal with the US and is unlikely to immediately retaliate against President Trump's tariffs, per an Indian Government official. https://t.co/fQd5mFrNoU
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BREAKING: India is negotiating a bilateral trade deal with the US and is unlikely to immediately retaliate against President Trump's tariffs, per an Indian Government official. https://t.co/fQd5mFrNoU
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Offshore
Photo
Finding Compounders
Warren Buffett and Charlie Munger passed on the best business they have ever seen
“Probably one of the businesses I’ve ever seen, in terms of the economics of it”- Warren Buffett
The business was Conwood- a tobacco manufacturer
Charlie explains why https://t.co/WkkXqiVzWi
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Warren Buffett and Charlie Munger passed on the best business they have ever seen
“Probably one of the businesses I’ve ever seen, in terms of the economics of it”- Warren Buffett
The business was Conwood- a tobacco manufacturer
Charlie explains why https://t.co/WkkXqiVzWi
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Offshore
Photo
The Kobeissi Letter
BREAKING: Vietnam has sent President Trump a letter offering to remove all tariffs on U.S. imports after Trump imposed a 46% tariff on the country, per Bloomberg. https://t.co/d1QUjAAwS5
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BREAKING: Vietnam has sent President Trump a letter offering to remove all tariffs on U.S. imports after Trump imposed a 46% tariff on the country, per Bloomberg. https://t.co/d1QUjAAwS5
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Offshore
Photo
The Kobeissi Letter
BREAKING: Bloomberg reports that as of Sunday morning, Treasury Secretary Bessent gave "no indication" that President Trump is "willing to back down on new tariffs." https://t.co/8ny09smoa3
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BREAKING: Bloomberg reports that as of Sunday morning, Treasury Secretary Bessent gave "no indication" that President Trump is "willing to back down on new tariffs." https://t.co/8ny09smoa3
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The Kobeissi Letter
BREAKING: Commerce Sectary Howard Lutnick says "there's no postponing tariffs" and "tariffs are going to stay in place," per a CBS News interview.
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BREAKING: Commerce Sectary Howard Lutnick says "there's no postponing tariffs" and "tariffs are going to stay in place," per a CBS News interview.
President Trump is completely SILENT:
It has now been over 36 hours since the last tariff headline from President Trump.
No mention of any potential tariff deals, phone calls, or delays in tariffs.
“Reciprocal tariffs” will officially go live at 12:01 AM ET.
President Trump has less than 12 hours until stock market futures open in the U.S.
If he remains silent until then, then one thing is CLEAR:
Is he certainly “not watching the stock market,” as he began announcing on March 6th.
The market is in desperate need of hope. tweet
twitter.com
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